Why Micron Fell 12.3% in March
Shares of Micron Technology (NASDAQ: MU) fell 12.3% in March, according to data from S&P Global Market Intelligence.
It was curious that Micron fell during the month, considering it reported very strong quarterly results. And unlike other tech stocks, many of which have given cautious guidance for 2022, Micron actually guided well above expectations for the current quarter.
Likely, it was macroeconomic fears that hurt Micron, since its financial results gave no reason to sell the stock.
Source Fool.com
