Will Micron Split Its Stock This Year?
Shares of Micron Technology (NASDAQ: MU) have jumped by more than 7x over the past year, driven by phenomenal growth in the company's revenue and earnings.
However, Micron stock has fallen out of favor with investors lately. It has pulled back 29% since hitting a 52-week high on June 25. This sharp drop is unrelated to the company's financial performance, as it continues to benefit from the ongoing memory shortage. Investors, however, have been rotating out of memory stocks lately, which explains the drop in Micron's shares.
As a result, it won't be surprising to see Micron management going for a stock split this year. Let's see why that may be the case.
Source Fool.com
Micron Technology Inc. Stock
€760.90
-0.590%
With 160 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1293 € there is a hugely positive potential of 69.93% for Micron Technology Inc. compared to the current price of 760.9 €.
