Why Micron Stock Is Falling Today
The broader market is enjoying bullish momentum today, but (NASDAQ: MU) stock is losing ground in the session. The company's share price was down 3.9% as of 3:05 p.m. ET. The S 500 was up 0.4% at the same point in the trading session, and the Nasdaq Composite had risen 0.8%.
The market is moving higher today in response to hopes that a resolution to the war with Iran could help mitigate inflationary pressures, but Micron stock is moving lower in response to a pair of unrelated catalysts. In addition to sell-offs connected to a new research note from Wells Fargo, the memory-chip specialist's share price is moving lower today following news that one of its biggest rivals could soon list its stock on a major U.S. exchange.
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Source Fool.com
Micron Technology Inc. Stock
With 143 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 387 € there is a positive potential of 21.89% for Micron Technology Inc. compared to the current price of 317.5 €.
