Micron Technology Inc. is a Micron historically focused on designing and manufacturing DRAM for PCs and servers. The firm then expanded into the NAND flash memory market.
Among the biggest risers on the S&P 500 on Wednesday March 31 was Micron Technology Inc. ($MU), popping some 1.93% to a price of $88.21 a share with some 23.55 million shares trading hands.
Starting the day trading at $87.44, Micron Technology Inc. reached an intraday high of $89.08 and hit intraday lows of $86.71. Shares gained $1.67 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 1.12 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $39.34 to $95.75.
Micron historically focused on designing and manufacturing 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). The firm’s DRAM and NAND products tailored to PCs, data centers, smartphones, game consoles, automotives, and other computing devices.
Micron Technology Inc. has its corporate headquarters located in Boise, ID and employs 40,000 people. Its market cap has now risen to $98.68 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 2.47, and P/FCF n/a.