Why Micron Technology Rallied Today
Shares of Micron Technology (NASDAQ: MU) were rallying today, especially in comparison to the overall semiconductor sector. Micron shares rose as much as 5.2% before settling into a 2.8% gain as of 11:53 a.m. ET. That compared favorably to a 0.4% decline for the iShares Semiconductor ETF at that time.
Micron's outperformance can likely be attributed to the surprise political news out of South Korea this morning.
Late Tuesday night in South Korea, which is early in the morning in the U.S., South Korean President Yoon Suk Yeol declared martial law. The president, the leader of the Conservative party, accused the opposition in the country, which has a majority in parliament, of sympathizing with North Korea. But the measure appears to be a response to the opposition's recent actions to impeach top prosecutors and reject the president's budget proposal.
Source Fool.com
Micron Technology Inc. Aktie
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.
