Why Micron Stock Is Soaring Today
(NASDAQ: MU) stock is bouncing back Wednesday after a substantial sell-off in Tuesday's trading. The company's share price was up 7.1% as of 12:30 p.m. ET. At the same point in the session, the S 500 had risen 0.8%, and the Nasdaq Composite was up 1.3%.
Investors moved out of tech stocks in response to fears stemming from the U.S. and Israel's war with Iran, but that trend is reversing today. The market seems to be betting that the conflict could be resolved in the not-too-distant future, and Micron's valuation is getting a boost.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Aktie
388,15 €
0,40 %
Starke Kaufneigung bei Micron Technology Inc., mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 435 € für Micron Technology Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 388.15 € hin.
