Micron Technology Inc. (MU) is Trading Lower on Unusual Volume for January 11

Equities Staff |

Micron Technology Inc. (MU) experienced unusually high volume on Jan. 11, as the stock lost 7.35% to a closing price of $12.35. The stock saw 33.95 million shares trade hands over the course of the day on 130,085 trades. Given that the stock’s average daily volume over the last month has been 22.22 million shares a day, this represents a pretty substantial spike over the norm.

Micron Technology Inc. has a P/B ratio of 1.09. It also has a P/E ratio of 7.4. The stock has traded between $32.99 and $13.29 over the last 52-weeks, its 50-day SMA is now $15.19, and its 200-day SMA $19.90.

Micron Technology Inc and its subsidiaries manufactures semiconductor systems. The Company's products include DRAM, NAND Flash, and NOR Flash, is the basis for solid-state drives, modules, multi-chip packages, and other system solutions.

Headquartered in Boise, ID, Micron Technology Inc. has 31,800 employees and is currently under the leadership of CEO D. Mark Durcan.

For a complete fundamental analysis analysis of Micron Technology Inc., check out Equities.com’s Stock Valuation Analysis report for MU. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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