Why Micron Stock Lost 14% in December
Shares of Micron (NASDAQ: MU) were sliding last month after the memory-chip maker offered disappointing guidance in its fiscal first-quarter earnings report.
The sell-off following the report wiped out some solid gains, as the stock rose earlier in the month after the Commerce Department finalized a $6.17 billion subsidy related to the CHIPS Act for the company to build new manufacturing plants in New York and Idaho.
According to data from S&P Global Market Intelligence, the stock finished the month down 14%. As you can see from the chart, shares fell sharply after the earnings report came out in the middle of the month and stayed down from there.
Source Fool.com
Micron Technology Inc. Stock
€200.45
1.270%
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 15.24% for Micron Technology Inc. compared to the current price of 200.45 €.
