Why Micron Stock Is Falling Today
(NASDAQ: MU) stock is losing ground in Wednesday trading. The company's share price was down 2.5% as of 1 p.m. ET. The stock had been down as much as 7.2% earlier in the session.
Micron's valuation is moving lower following announcements at an investor conference the company held later. The memory and storage solutions specialist's share price is also being dragged lower by macroeconomic pressures.
At its investor event yesterday, Micron reiterated its guidance for the second quarter of its current fiscal year -- which wraps at the end of this month. The company's last guidance update called for earnings per share between $1.33 and $1.53 and revenue between $7.7 billion and $7.9 billion.
Source Fool.com
Micron Technology Inc. Stock
€205.05
3.590%
With 117 Buy predictions and not a single Sell prediction Micron Technology Inc. is an absolute favorite of our community.
With a target price of 231 € there is a slightly positive potential of 12.66% for Micron Technology Inc. compared to the current price of 205.05 €.
