Why Micron Stock Is Losing Ground Again Today
(NASDAQ: MU) stock is getting hit with another sizable pullback in Wednesday's trading. The company's share price was down 3.4% as of 2:10 p.m. ET amid the backdrop of a 0.8% decline for the S 500 and a 4.2% decline for the Nasdaq Composite.
The market's reaction to the latest Consumer Price Index (CPI) report published by the Bureau of Labor Statistics (BLS) is weighing on stocks today. Micron's valuation may also be under pressure due to market uncertainty surrounding SpaceX's IPO this coming Friday.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Aktie
714,50 €
-5,86 %
Klares Buy-Übergewicht bei der Micron Technology Inc. Aktie mit 159 zu 1 Einschätzungen.
Ein Kursziel von 1294 € für Micron Technology Inc. würde eine Steigerung von mehr als 50% gegenüber dem aktuellen Kurs von 714.5 € bedeuten.
