Memory Chips Fall in Night Session, MU Down Nearly 4%, SNDK Down Nearly 4%, WDC Down Over 3%
Complete. Here is the key summaryMemory chip sector declined collectively in Monday (July 6) night session, with MU and SNDK down nearly 4%, WDC down over 3%, STX down 2.45%. Derivative ETFs diverged, MUD up 3.98%, SNDQ up 7.95%.
The memory chip sector weakened collectively during Monday (July 6) night session, with mainstream stocks generally declining. As of press time, Micron Technology (MU.US) fell nearly 4% in night trading, SanDisk (SNDK.US) dropped nearly 4%, Western Digital (WDC.US) declined over 3%, Seagate Technology (STX.US) fell 2.45%, and Everspin Technologies (MRAM.US) dropped 0.61%.
The sector faced overall pressure, with Micron Technology quoted at $946.69 in night trading, down 3.87% from the previous closing price of $984.75, with night session turnover of $345 million. SanDisk traded at $1,676.84, down 3.87%, with turnover of $153 million. Western Digital was at $559.00, down 3.20%, with turnover of $7.62 million. Seagate Technology traded at $847.01, down 2.45%.
On the derivative ETF front, ProShares Ultra Memory Stocks (MUU.US) fell 7.91% in night trading to $699.85; ProShares UltraShort Memory Stocks (MUD.US) bucked the trend with a gain of 3.98% to $11.76. Among other related stocks, SNXX.US dropped 7.69%, while SNDQ.US rose 7.95%.