Shares of Micron Technology Inc. soared 6.3% in active afternoon trade Monday, putting them on course to close at a 17 1/2-year high, boosted by broad strength in the semiconductor sector and the broad-market rally. The stock traded above the $50 mark for the first time since Sept. 28, 2000. Volume of 57.7 million shares was enough to make the stock the most actively traded on the Nasdaq exchange. The company did not immediately respond to a request for comment. Meanwhile, the PHLX Semiconductor Index rallied 1.1%, the technology-friendly Nasdaq 100 climbed 1.2% and the S&P 500 rose 1.2%. Micron’s stock has run up 27% over the past three months, while the chip-sector tracker (SOX) has rallied 12% and the S&P 500 has gained 3.6%.
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