Micron is Second Best Performer in the S&P 500 So Far Today -- Data Talk
January 07 2020 - 3:21PM
Dow Jones News
Micron Technology, Inc. (MU) is currently at $57.96, up $4.40 or
8.21%
-- Would be highest close since June 21, 2018, when it closed at
$59.44
-- On pace for largest percent increase since June 26, 2019,
when it rose 13.34%
-- Earlier Tuesday, Cowen & Co. upgraded Micron Technology
to outperform from market perform and raised its price target to
$70.00/share from $50.00/share
-- Cowen said DRAM fundamentals may improve earlier than
expected, supporting Micron's improved cost position compared with
peers. The firm cites a server-upgrade cycle and 5G smartphone
adoption as reason demand for the chips that power devices' main
memory will increase
-- Snaps a two day losing streak
-- Up 7.78% month-to-date
-- Down 39.97% from its all-time closing high of $96.56 on July
14, 2000
-- Up 71.8% from 52 weeks ago (Jan. 8, 2019), when it closed at
$33.74
-- Would be a new 52-week closing high
-- Traded as high as $58.00; highest intraday level since July
18, 2018, when it hit $58.15
-- Up 8.28% at today's intraday high; largest intraday percent
increase since June 26, 2019, when it rose as much as 15.1%
-- Second best performer in the S&P 500 today
-- Best performer in the Nasdaq 100 today
All data as of 2:41:18 PM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
January 07, 2020 15:06 ET (20:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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