Micron Technology's Stock Lags Behind Rivals on Friday

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. ended the period 58.92% lower 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 shares of Intel Corp. dropping 11.50% to close at $19.85, AMD falling 8.57% to end at $85.76, and Applied Materials declining 6.32%, finishing at $126.95.

The trading volume (50.4M) surpassed its 50-day average volume of 22.2M.

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. Check out our guidelines for using market data.