Micron Technology Inc. (NASDAQ: MU), a manufacturer and marketer of semiconductor devices globally, is lower in mid-day trading today, extending its losses from previous trading sessions. MU has fallen sharply since last Friday after the company reported disappointing first-quarter financial results.
MU is currently trading 0.93% lower at $6.12 on volume of 8.29 million, which is a third of the daily average volume of 24.32 million. MU has fallen more than 3% for the week. The stock has slipped below a key support level in trading today. The next support level for MU is at around $6, followed by $5.80.
Oracle Corporation (NASDAQ: ORCL), a provider of enterprise software and computer hardware products and services, is down sharply in mid-day trading today. At last check, ORCL was trading 1.70% lower at $33.04 on volume of 9.84 million, which is significantly below the daily average volume of 23.70 million.
ORCL has slipped after hitting a 52-week high last week. The stock had risen sharply last week after the company reported strong second-quarter financial results. However, weakness in the broad market has dragged ORCL lower in the last few trading sessions. The stock is currently trading close to $33 support level. If it falls below this level then the next support level will be at $32.50.
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