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
721,10 €
0,92 %
Die Community sieht Micron Technology Inc. positiv: Viel mehr Buy- als Sell-Einschätzungen.
Für Micron Technology Inc. sieht die Community ein Kursziel von 1294 €, was eine erhebliche Steigerung um über 50% gegenüber dem aktuellen Kurs von 721.1 € bedeutet.
