Why Micron Stock Keeps Going Up
I think it's official now: (NASDAQ: MU) is a momentum stock.
Granted, it's not an ordinary momentum stock, one that just goes up and up primarily on positive headlines, but without revenue or earnings numbers to back up the rally. Fact is, Micron does have revenue and earnings growth. Sales surged 196% last quarter, and Micron's earnings were up 771%.
But Micron also has positive headlines in abundance. That's why the stock is up another 4.3% through 10:10 a.m. ET today.
Source Fool.com
Micron Technology Inc. Stock
€714.50
-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 €.
