Why Micron Stock Skyrocketed Today
(NASDAQ: MU) stock recorded big gains in Wednesday's trading thanks to bullish catalysts on two important fronts. The memory-chip company's share price ended the day's trading up 8.9% amid the backdrop of a 0.7% jump for the S 500 and a 1.1% gain for the Nasdaq Composite. The stock had been up as much as 11.9% at one point in the daily session.
The stock market's rebound rally continued today as investors bought back into stocks on hopes that the war with Iran could wind down in the not-too-distant future. Micron's share price also got a boost as the market reweighed recent news that some investors and analysts had considered to be a significant negative development for the company.
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Source Fool.com
Micron Technology Inc. Aktie
353,45 €
-1,46 %
Micron Technology Inc. ist ein klarer Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 425 € für Micron Technology Inc. deutet auf eine deutliche Steigerung um mehr als 20% gegenüber dem aktuellen Kurs von 353.45 € hin.
