Why Micron Stock Bounced Back Today
Fresh off a $20-a-share drop Tuesday, shares of (NASDAQ: MU) bounced back strongly Wednesday morning -- and investors can thank Seagate Technology (NASDAQ: STX) for the bump. Seagate blew past analyst forecasts last night, reporting $4.10 per share in non-GAAP earnings instead of $3.48. Sales of $3.1 billion likewise beat expectations for less than $3 billion.
Investors are exuberant, and they're buying all the computer memory stocks they can find this morning.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Stock
€714.50
-5.860%
With 159 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1294 € there is a hugely positive potential of 81.11% for Micron Technology Inc. compared to the current price of 714.5 €.
