Why Micron Stock Keeps Going Up
I think it's official now: (NASDAQ: MU) is a momentum stock.
Granted, it's not an ordinary momentum stock, one that just goes up and up primarily on positive headlines, but without revenue or earnings numbers to back up the rally. Fact is, Micron does have revenue and earnings growth. Sales surged 196% last quarter, and Micron's earnings were up 771%.
But Micron also has positive headlines in abundance. That's why the stock is up another 4.3% through 10:10 a.m. ET today.
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.
