Tag: November

Here’s How Micron Technology Stock Gained 27% in November

What happened

Shares of Micron Technology (NASDAQ:MU) rose 27.3% in November 2020, according to data from S&P Global Market Intelligence. The rally started when management held an upbeat presentation at a mid-month industry conference.

So what

The memory chip maker’s stock closed 6.8% higher on Nov. 16, following a strong business update from CFO David Zinsner at the Sanford Bernstein Operational Decisions Conference.

Zinsner said that everything is coming up aces in the third quarter, both in terms of market demand and Micron’s operating results. Looking ahead, he saw several significant tailwinds for memory sales in 2021 and beyond.


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Why Shares in Aspen Technology Soared in November

What happened

Shares in asset optimization software company Aspen Technology (NASDAQ:AZPN) surged 22.4% in November according to data provided by┬áS&P Global Market Intelligence. The move comes as the company’s first-quarter 2021 results, released early in the month, helped to allay fears over the company’s growth trajectory.

Aspen’s software helps process industries companies better run their assets through digitization. For example, a chemicals processing plant can use the software to model the plant in order to predict and understand the consequences of a failure.

An industrial plant with digital icons floating above it.

Aspen Technology helps process industries optimize their assets. Image source: Getty Industries.

The stock has been

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