Among the S&P 500’s biggest fallers on Tuesday August 11 was Micron Technology Inc. (MU). The stock experienced a 2.83% decline to $47.76 with
21.53 million shares changing hands.

Micron Technology Inc. started at an opening price of 49.01 and hit a high of $49.74 and a low of $47.63. Ultimately, the stock took a hit and finished the day at $1.39 per share.
Micron Technology Inc. trades an average of n/a shares a day out of a total 1.11 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a
and a 200-day SMA of $n/a.
Micron Technology Inc. hit a high of $61.19 and a low of $31.13 over the last year.

Micron historically focused on providing DRAM for PCs and servers. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016).

With its headquarters located in Boise, ID, Micron Technology Inc. employs 37,000 people. After today’s trading, the company’s market cap has fallen to $53.06 billion, a P/S of n/a, a P/B of 1.4, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American
large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why
its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Micron Technology Inc. and to follow the company’s latest updates, you can visit the company’s profile page here:
MU’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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