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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