This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Micron Technology Inc. surged 18.4% to $874.66 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.7% to 7,437.63 and the Dow Jones Industrial Average rising 1.2% to 52,208.06.
The stock's rise snapped a four-day losing streak.
Micron Technology Inc. closed 30.3% short of its 52-week high of $1,255.00, which the company reached on June 25th.
The stock outperformed some of its peers, as Intel Corp. rose 11.3% to $91.13, Advanced Micro Devices Inc. rose 13.0% to $485.39, and Applied Materials Inc. rose 14.97% to $501.77.
Trading volume totaled 60.3 million, compared to the 50-day average of 52.8 million.
Data source: Dow Jones Market Data, FactSet