Micron Technology Inc.'s shares dropped 12.94%, closing at $64.72 on Friday, amid a broadly negative day for the stock market. The S&P 500 Index declined 5.97% to reach 5,074.08, while the Dow Jones Industrial Average fell 5.50% to end at 38,314.86.
The stock has experienced declines for three days in a row now.
Micron Technology Inc. finished trading at 58.92% less than its 52-week peak of $157.54, a level the stock achieved on June 18th.
On Friday, the stock lagged behind several key rivals, with Intel Corp. declining 11.50% to close at $19.85, Advanced Micro Devices Inc. dropping 8.57% to end at $85.76, and Applied Materials Inc. decreasing 6.32% to finish at $126.95.
The trading volume (50.4 M) surpassed its 50-day average volume of 22.2 M.
Editor's Note: This narrative was automatically generated by Automated Insights , an automation technology company, utilizing information from Dow Jones and FactSet. Review our market data usage conditions.
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