2 Signals to Watch After Micron's Earnings
Investors might be surprised by the market reaction to Micron Technology's (NASDAQ: MU) earnings report. Despite quarterly revenue nearly tripling and profits up almost ninefold, the stock price dropped after the report.
Some investors may dismiss the price action as "buying the rumor and selling the news." However, the decline may point to deeper concerns, and knowing that, investors need to keep these two points in mind.
Image source: Micron.
Source Fool.com
Micron Technology Inc. Stock
€680.20
4.260%
With 147 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 809 € there is a slightly positive potential of 18.94% for Micron Technology Inc. compared to the current price of 680.2 €.
