Micron (MU) stock was up 4.21% on Friday and closed at $45.10. MU was trading 12.2% below its 52-week high of $51.39 for a market cap of $49.9 billion.
Last week on CNBC’s Mad Money, host Jim Cramer signaled bullishness toward Micron stock. The stock, currently trading at $49.60, rose 0.9% yesterday.
Micron stock was trending upward in premarket trading today. The upside came after it got an upgrade from Goldman Sachs just a week before its earnings.
From June 20 to September 16, memory stocks Micron and Western Digital rose 47% and 59%, respectively. Bullish analysts expect these memory stocks to rise.