Why Micron Stock Finally Crashed
Micron Technology (NASDAQ: MU) stock dodged a bullet yesterday. After analysts at Lynx Equity Strategies downgraded the computer-memory maker to "sell" on Thursday, you might have expected investors to react by, well, selling the stock. But instead, Micron shares eked out a modest 0.2% gain.
No such luck today, however. Micron just got hit by its second downgrade in two days, with Cleveland Research cutting the stock to "neutral." In afternoon trading, Micron shares are down 4.6% by 1:30 p.m. EDT.
Image source: Getty Images.
Source Fool.com
