Micron Technology Inc.'s shares jumped 18.81%, closing at $77.87 on Wednesday, amid an overall bullish day for the stock market. The S&P 500 Index climbed 9.52% to reach 5,456.90, while the Dow Jones Industrial Average rose 7.87% to stand at 40,608.45.
Micron Technology Inc. finished trading at a level where it was 50.57% below its 52-week peak of $157.54, a value the company achieved on June 18th.
On Wednesday, the stock showed varied results against its rivals, with Intel Corp. climbing 18.75% to reach $21.53, Advanced Micro Devices Inc. increasing by 23.82% to hit $96.84, and Applied Materials Inc. going up by 16.11% to stand at $149.73.
The trading volume (62.6 M) surpassed its 50-day average volume of 23.2 M.
Editor's Note: This narrative was automatically generated by Automated Insights , a company specializing in automation technology, utilizing information sourced from Dow Jones and FactSet. Review our market data usage conditions.