MARKET TAPEINDICES / ETF PROXIES
VIX 16.39Daily close · Oct 1
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Micron Technology · earnings reaction edition

MU earnings
2023-12-20

What price, participation and market-relative performance did after this report.

AFTER THE REPORT2023-12-20
-8.0%0.0%+18.0%Report close+20 sessions
MUSPYReturn from pre-report close
Next-open gap+8.02%
First session+8.63%
Five sessions+9.29%
20 sessions+13.41%

Objective read

The reaction, under the hood

The first regular session closed +8.63% from the pre-report close of $78.69. Volume ran at 3.88 times the prior 20-session baseline, which HPT classifies as elevated participation.

By session 20, MU was +13.41% while SPY was +3.24%. The +10.16% spread shows whether the move remained company-specific or faded back toward the broad tape.

Before the report, price was above its 55-day EMA and RSI measured 55.7. The first-session range was 1.45 ATR with the close at 81% of that session's range.