Tag: MU

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.

Micron stock is cyclical. It soars in an upturn and falls in a downturn. In the last upturn period, which lasted for two years, Micron stock surged 570%.

Apple ended flat last week. The stock's movement was mostly range-bound. It started the week off on a negative note and settled in the red at $218.72.

Micron Technology reported upbeat fourth-quarter fiscal 2019 results on September 26 after the market closed. Micron stock fell 1.76% to $48.60 on the day.

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 has been rising. On September 20, a J.P. Morgan analyst increased the target price on Micron stock to $65 from $50.

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.

Chip maker Micron Technology (MU) is suddenly gaining the attention of analysts despite struggling with several challenges.

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.

Micron Technologies (MU) stock has been gaining momentum for some time, as some analysts believe chip demand will rally in the near term.