Scorching Hot Tech Stocks Tape: Micron Technology, Inc. (MU), Snap Inc. (SNAP)

Scorching Hot Tech Stocks Tape: Micron Technology, Inc. (MU), Snap Inc. (SNAP)

Scorching Hot Tech Stocks Tape: Micron Technology, Inc. (MU), Snap Inc. (SNAP)

Micron Technology, Inc. (MU) ended last trading session with a change of 2.07 percent. It trades at an average volume of 25.71M shares versus 23.15M shares recorded at the end of last trading session. The share price of $25.7 is at a distance of 174.87 percent from its 52-week low and down -0.85 percent versus its peak. The company has a market cap of $28.31B and currently has 1.1B shares outstanding. The share price is currently 6.26 percent versus its SMA20, 9.32 percent versus its SMA50, and 42.93 percent versus its SMA200. The stock has a weekly performance of -0.04 percent and is 17.24 percent year-to-date as of the recent close.

March 06, 2017 — Embedded World Show (Hall 3A, Booth #520):  The rapid onset of automation and IoT is causing many industries to adapt to a new reality. From factory automation, transport and logistics, energy distribution through to smart cities, the digitization of processes is requiring organizations to rethink both their IT and operational technology infrastructures to provide greater uptime and security. But technology evolution here is more complex than fast-moving consumer segments; the equipment that delivers these new features must last for several years and withstand a variety of demanding conditions.  At the show, Micron Technology, Inc. (MU) will be outlining its vision for why designers in industries like industrial IoT must make careful choices to ensure their products meet these demanding requirements.

Snap Inc. (SNAP) recently recorded -4.44 percent change and currently at $21.09 is 2.18 percent away from its 52-week low and down -28.36 percent versus its peak. It has a past 5-day performance of -11.27 percent and trades at an average volume of 86.12M shares. The stock has a 1-month performance of 0 percent and is -13.85 percent year-to-date as of the recent close. There were about 1.22B shares outstanding which made its market cap $25.76B. The share price is currently -10.18 percent versus its SMA20, -10.18 percent versus its SMA50, and -10.18 percent versus its SMA200.

On March 8, 2017 Snap Inc. (SNAP) announced the closing of its public offering at $17 per share. Snap and the selling stockholders sold 230,000,000 shares of Class A common stock, including 30,000,000 shares of Class A common stock after the underwriters fully exercised their option to purchase additional Class A common stock from Snap and some of the selling stockholders at the initial public offering price, less the underwriting discount. Snap and the selling stockholders raised gross proceeds of $3.91 billion from the offering.

 

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