Death Cross for MU Stock: Time to Buy Micron Based on Fundamentals? [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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investors.micron.com
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Source: Yahoo! Finance
One of the leading providers of semiconductor memory solutions, Micron Technology, Inc . MU, recently flashed a bearish chart pattern after an eminent investment bank cut off its price target. So, what's next for Micron investors? Shall they sell the stock or have faith in Micron's fundamentals and hang on to it? Let's see – Micron Stock is Falling; Death Cross Pattern Appears Micron's shares and an array of other semiconductor stocks took a beating on Monday. The Micron stock slumped 4.4% and a death cross chart pattern appeared. The short-term 50-day moving average (DMA) went below the long-term 200-DMA, indicating an imminent downtrend. Micron's stock closed at $87.18 yesterday, while the 50-DMA was $104 below the 200-DMA at $104.75. For the Micron stock, such a death cross pattern happened for the first time since April 28, 2022. Image Source: Zacks Investment Research Bearish bets have increased on the Micron stock, with analysts at Morgan Stanley MS slashing the price
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News
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Stifel Nicolaus from $165.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at TD Cowen from $160.00 to $115.00. They now have a "buy" rating on the stock.MarketBeat
- If You Bought 1 Share of Micron Technology at Its IPO, Here's How Many Shares You Would Own Now [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Wells Fargo & Company from $190.00 to $175.00. They now have an "overweight" rating on the stock.MarketBeat
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Citigroup Inc. from $175.00 to $150.00. They now have a "buy" rating on the stock.MarketBeat
MU
Earnings
- 6/26/24 - Beat
MU
Sec Filings
- 8/12/24 - Form 4
- 8/7/24 - Form 8-K
- 7/23/24 - Form 4
- MU's page on the SEC website