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Why Micron Stock Is Soaring Today


(NASDAQ: MU) stock is bouncing back Wednesday after a substantial sell-off in Tuesday's trading. The company's share price was up 7.1% as of 12:30 p.m. ET. At the same point in the session, the S 500 had risen 0.8%, and the Nasdaq Composite was up 1.3%.

Investors moved out of tech stocks in response to fears stemming from the U.S. and Israel's war with Iran, but that trend is reversing today. The market seems to be betting that the conflict could be resolved in the not-too-distant future, and Micron's valuation is getting a boost.

Image source: Getty Images.

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Source Fool.com

Micron Technology Inc. Stock

€714.50
-5.860%
Heavy losses for Micron Technology Inc. today as the stock fell by -€44.500 (-5.860%).
With 158 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 €.
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