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

MU earnings
2024-03-20

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

AFTER THE REPORT2024-03-20
-8.0%0.0%+38.0%Report close+20 sessions
MUSPYReturn from pre-report close
Next-open gap+17.79%
First session+14.13%
Five sessions+23.90%
20 sessions+16.29%

Objective read

The reaction, under the hood

The first regular session closed +14.13% from the pre-report close of $96.25. Volume ran at 4.41 times the prior 20-session baseline, which HPT classifies as elevated participation.

By session 20, MU was +16.29% while SPY was -4.03%. The +20.32% 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 59.6. The first-session range was 1.30 ATR with the close at 23% of that session's range.