Previous close | 57,300.00 |
Open | 0.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 717,470 |
Market cap | 405.652T |
Beta (5Y monthly) | 0.99 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1,445.00 (2.71%) |
Ex-dividend date | 29 Sept 2022 |
1y target est | 64,650.00 |
Shares of Micron Technology (NASDAQ: MU) were down as much as 5% on Tuesday before rebounding slightly to a 3.1% decline as of 10:48 AM EDT. While Micron's stock is known to be volatile, today's move was especially notable, as most of the technology sector was up for the day. The reason behind the decline isn't hard to figure out; last night, Korean rival Samsung (OTC: SSNL.F) released its fourth-quarter earnings.
(Bloomberg) -- Samsung Electronics Co. made a surprisingly aggressive decision to keep capital spending at the same level as last year, defying expectations it would go along with rivals in pulling back to alleviate pressure on an already-battered semiconductor industry. Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsBrexit Is Costing the UK £100 Billion a Year in Lost OutputWall
Samsung Electronics Co.'s shares are trading lower. South Korea's largest company said its quarterly profit tumbled, hurt by a sharp drop in demand for semiconductors. Stephen Engle reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en