Why Micron Technologies Stock Was Flopping on Friday
The latest pronouncement from President Trump on tariffs for microchips had investors concerned about chipmakers on Friday. One of the victims was a sector mainstay, Micron Technologies (NASDAQ: MU), whose share price closed more than 3% down that day. That was a far steeper fall than the 0.3% dip posted by the S 500 (SNPINDEX: ^GSPC) at that point.
Before market open that day, Trump was quoted by news agency Reuters as saying, "I'll be setting tariffs next week and the week after on steel and on, I would say, chips." He made this remark aboard Air Force One, on the way to Alaska for his summit meeting on the Ukraine war with Russian President Vladimir Putin.
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Source Fool.com
Micron Technology Inc. Stock
€791.30
5.310%
The stock is one of the favorites of our community with 160 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 63.53% compared to the current price of 791.3 € for Micron Technology Inc..
