Micron falls 3.8% to $989.04 after rival's DRAM advance

Micron Technology fell 3.8% to $989.04, its third straight daily loss, after China's ChangXin Memory Technologies (CXMT) claimed key progress on next-generation DRAM — the memory chips used in computers and phones, per MarketWatch and Investor's Business Daily. It follows a 261% rise this year. In my view, that large gain leaves little cushion for selling.