Goldman Sachs Bullish On Nvidia's New AI Chips, Predicts Major Growth For These 3 Stocks
Benzinga (Wed, 27-Mar 9:58 PM ET)
Benzinga (Tue, 26-Mar 3:25 PM ET)
Micron Stock (NASDAQ:MU) at $120: Let It Fall Before Considering It
TipRanks (Tue, 26-Mar 3:17 PM ET)
Seagate Technology soars as Morgan Stanley upgrades; sees rising margins
Seeking Alpha News (Tue, 26-Mar 2:46 PM ET)
Micron tracks gains for eight straight session; cements longest winning streak since 2019
Seeking Alpha News (Tue, 26-Mar 2:35 PM ET)
New Buy Rating for Micron (MU), the Technology Giant
TipRanks (Mon, 25-Mar 10:05 PM ET)
Buy Rating for Micron on Strong HBM Market Position and Growth Prospects
TipRanks (Mon, 25-Mar 3:25 PM ET)
Benzinga (Mon, 25-Mar 2:44 PM ET)
Micron leads chips higher as sector shakes off Intel, AMD worries
Seeking Alpha News (Mon, 25-Mar 11:39 AM ET)
This MU Bull Put Spread has Defined Risk and 73% ROI Potential
Market Chameleon (Mon, 25-Mar 11:21 AM ET)
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Micron Technology trades on the NASDAQ stock market under the symbol MU.
As of March 28, 2024, MU stock price declined to $118.57 with 7,022,029 million shares trading.
MU has a beta of 1.72, meaning it tends to be more sensitive to market movements. MU has a correlation of 0.27 to the broad based SPY ETF.
MU has a market cap of $131.30 billion. This is considered a Large Cap stock.
Last quarter Micron Technology reported $6 billion in Revenue and $.42 earnings per share. This beat revenue expectation by $494 million and exceeded earnings estimates by $.68.
In the last 3 years, MU stock traded as high as $122.46 and as low as $48.43.
The top ETF exchange traded funds that MU belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.
MU has outperformed the market in the last year with a price return of +99.1% while the SPY ETF gained +33.7%. MU has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +37.0% and +25.9%, respectively, while the SPY returned +10.2% and +1.8%, respectively.
MU support price is $115.81 and resistance is $122.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MU stock will trade within this expected range on the day.