2 Signals to Watch After Micron's Earnings
Investors might be surprised by the market reaction to Micron Technology's (NASDAQ: MU) earnings report. Despite quarterly revenue nearly tripling and profits up almost ninefold, the stock price dropped after the report.
Some investors may dismiss the price action as "buying the rumor and selling the news." However, the decline may point to deeper concerns, and knowing that, investors need to keep these two points in mind.
Image source: Micron.
Source Fool.com
Micron Technology Inc. Stock
€755.00
-0.780%
The stock is one of the favorites of our community with 160 Buy predictions and 1 Sell predictions.
As a result the target price of 1293 € shows a very positive potential of 71.26% compared to the current price of 755.0 € for Micron Technology Inc..
