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
€760.90
-0.590%
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 69.93% compared to the current price of 760.9 € for Micron Technology Inc..
