Micron Technology, Inc. (NASDAQ:MU) – Why Micron’s Stock Is Trading Lower Today

Micron Know-how (NASDAQ: MU) shares are trading decrease on Thursday immediately after Deutsche Bank downgraded the stock from Get to Maintain.

A report also talked about that DRAM and NAND flash at this time has an oversupply right up until the first fifty percent of 2021, according to the president of Apacer Technologies.

Eventually, Micron CFO David Zinsner claimed these days at KeyBanc’s the Long run of Technological innovation digital meeting that the firm there is some around-time period uncertainty bordering the company’s income forecast over the next couple quarters because of to the pandemic.

Micron Technologies historically concentrated on offering DRAM for PCs and servers. The firm then expanded into the NAND flash memory current market. It elevated its DRAM scale with the acquire of Elpida (done in mid-2013) and Inotera (done in December 2016).

Micron Engineering shares were being trading down 4.74% at $46.18 on Thursday at the time of publication. The stock has a 52-week large of $61.19 and a 52-7 days reduced of $31.13.

Hottest Rankings for MU

Day Company Action From To
Jan 2022 Goldman Sachs Maintains Acquire
Jan 2022 New Avenue Investigation Initiates Protection On Obtain
Dec 2021 JP Morgan Maintains Overweight

Perspective Additional Analyst Scores for MU

Perspective the Hottest Analyst Rankings

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