Why Micron Technology Stock Was Up Strongly Today
Shares of Micron Technology (NASDAQ: MU) were up as much as 6% Wednesday, although it finished the day up only about 1.4%, still well ahead of the market in a volatile trading session.
Shares of the broader semiconductor sector performed relatively well Wednesday, bouncing back from Tuesday's down session, and benefiting from the fact the stock is largely cheaper than software peers that might get hurt by higher interest rates.
Still, there were also company-specific reasons for Micron's strong day.
Source Fool.com
