Micron is notably stronger among the storage industry’s top three, while SK hynix has given back most of this round’s gains

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BlockBeats news,October 16, according to TradingBeats monitoring, the Micron, SK hynix, and SanDisk contracts on Hyperliquid have all fallen significantly from their respective interim highs since the bottom rebound, but their relative strength during the prior rebound was as follows: Micron is currently the most resilient, while SK hynix has suffered the largest pullback.

Micron July fell from MU from October 2 high of 1114.90 USD to 923.62 USD, representing a cumulative pullback of approximately 17.16%, the smallest among the three.

SanDisk SNDK fell from September 22 high of 1908 USD to 1378.40 USD, representing a cumulative pullback of approximately 27.76%, about 10.60 percentage points more than Micron.SK SK hynix SKHX fell from September 10 high of 1438.40 USD to 958.73 USD, representing a cumulative pullback of approximately 33.35%, the largest among the three, underperforming Micron by approximately 16.19 percentage points.

During the prior rebound, the leader was SanDisk, which now has the mid-sized pullback, while Micron posted the smallest gain. Using July 31 the storage sector’s interim low and each contract’s respective intraday low as the baseline, SanDisk once rebounded by approximately 60.27%to its interim high, SK hynix by approximately 38.73%, and Micron by approximately 36.14%.

Original link https://m.theblockbeats.info/flash/372197

Key points

According to TradingBeats monitoring, the Micron, SK hynix, and SanDisk contracts on Hyperliquid have all fallen from their interim highs.
Micron MU from October 2 high 1114.90 USD to 923.62 USD, representing a cumulative pullback of approximately 17.16%。
SanDisk SNDK from September 22 high 1908 USD to 1378.40 USD, representing a cumulative pullback of approximately 27.76%。
SK SK hynix SKHX from September 10 high 1438.40 USD to 958.73 USD, representing a cumulative pullback of approximately 33.35%。
During the prior rebound, SanDisk rebounded by approximately 60.27%, SK hynix by approximately 38.73%, and Micron by approximately 36.14%。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This news compares the price gains and declines of three storage-related contracts. Recently, Micron fell the least, SanDisk had a mid-sized decline,SK and SK hynix fell the most; previously, SanDisk had the largest rebound.

Why it matters to readers

It shows that the three contracts have performed differently recently: Micron has been relatively resilient,SK SK hynix has had the largest pullback, while SanDisk rose more previously but subsequently also fell significantly.

Beginners can understand “pullback” as the extent of a price decline from an interim high; the larger the pullback percentage, the more the price has fallen from its high.

Risks and unknowns

The data comes from TradingBeats’ monitoring of Hyperliquid contracts; the article provides no independently verified materials.
The article only describes price changes in these contracts and does not state whether they represent the performance of the corresponding companies’ spot securities.

Micron is notably stronger among the storage industry’s top three, while SK hynix has given back most of this round’s gains

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