Why Micron Stock Skyrocketed Today
(NASDAQ: MU) stock recorded big gains in Wednesday's trading thanks to bullish catalysts on two important fronts. The memory-chip company's share price ended the day's trading up 8.9% amid the backdrop of a 0.7% jump for the S 500 and a 1.1% gain for the Nasdaq Composite. The stock had been up as much as 11.9% at one point in the daily session.
The stock market's rebound rally continued today as investors bought back into stocks on hopes that the war with Iran could wind down in the not-too-distant future. Micron's share price also got a boost as the market reweighed recent news that some investors and analysts had considered to be a significant negative development for the company.
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Source Fool.com
Micron Technology Inc. Stock
€775.70
7.560%
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 66.82% compared to the current price of 775.7 € for Micron Technology Inc..
