Memory Chips Sector Declines During Trading Hours, STX Falls Nearly 5%, WDC Drops Over 3%
During trading hours on September 15, the memory chip sector weakened broadly, with mainstream stocks posting losses across the board. As of press time, Seagate Technology (STX.US) fell 4.82% to $766.70, leading the sector lower; Western Digital (WDC.US) dropped 3.20% to $413.27; SanDisk (SNDK.US) declined 1.65% to $1,526.33; Micron Technology (MU.US) edged down 0.05% to $923.57, showing relative resilience; Everspin (MRAM.US) fell 2.14% to $14.42.
Among derivative securities, performance diverged, with SNDQ.US bucking the trend up 3.42% to $14.98, SNXX.US falling 3.63% to $13.23, MUU.US slipping 0.20% to $28.09, and MUD.US flat at $10.73. The sector faced overall pressure as investor concerns over inventory levels and pricing cycles in the memory chip industry intensified, with capital flows turning negative.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| MUD.US | MUD.US | 10.73 | 0.00% |
| SNDQ.US | SNDQ.US | 14.98 | +3.42% |
| MUU.US | MUU.US | 28.09 | -0.20% |
| MU.US | MU.US | 923.57 | -0.05% |
| MRAM.US | MRAM.US | 14.42 | -2.14% |
| SNDK.US | SNDK.US | 1526.33 | -1.65% |
| WDC.US | WDC.US | 413.27 | -3.20% |
| SNXX.US | SNXX.US | 13.23 | -3.63% |
| STX.US | STX.US | 766.70 | -4.82% |