TradingKey – Memory stocks under pressure across the board as Micron plunges nearly 5%, breaking below the $900 level.
On July 28, Eastern Time, Micron Technology ( MU) fell significantly in pre-market trading, dropping 4.74% and losing the key $900 psychological level, with the latest pre-market trading range between $855 and $865. Yesterday, Micron fell over 2%, narrowly avoiding a break below that level.
Micron Technology stock price chart, Source: TradingView
The decline in Micron’s stock price is not an isolated case, but rather dragged down by the decline in the broader chip sector. In pre-market trading today, major global memory giants generally slumped, including Western Digital ( WDC ), SanDisk ( SNDK ), Seagate ( STX ), and SK…
