Why Micron Stock Is Sinking Today
(NASDAQ: MU) stock is heading lower in Thursday's trading amid bearish pressures shaping the broader market. The company's share price was down 2.8% as of 1:15 p.m. ET. At the same point in the daily session, the S 500 and the Nasdaq Composite were down 1.1% and 1.2%, respectively. The memory-chip specialist's stock was down as much as 5.3% earlier in the day.
Micron's valuation is getting a haircut today as investors weigh the potential for continued macroeconomic disruptions created by the U.S. and Israel's war with Iran. Despite recent pullbacks for the stock, the company's share price is still up 357% over the last year.
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 €.
