Here's Why Micron Stock Fell 12% This Week
Micron Technology (NASDAQ: MU) shareholders have had a pretty rough week. Shares of the memory processor company have stumbled amid concerns that new technology from 's Google could lower demand for advanced memory processors.
Those fears came as Micron investors were already concerned about the company's rising capital expenditures and the market's general pessimism stemming from the U.S.'s war with Iran. Micron's stock is down 12% in the week to Thursday, 3:07 p.m. ET.
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Source Fool.com
Micron Technology Inc. Stock
€301.90
3.460%
With 143 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 386 € there is a positive potential of 27.86% for Micron Technology Inc. compared to the current price of 301.9 €.
