Micron Technology Inc. (NASDAQ: MU) stock enjoyed a major increase of 14.1% on 3/21/24. The shares closed at $109.85. Moreover, this advance was accompanied by exceptionally high trading volume at 503% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 16.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MU is expected to continue to be a major Value Builder.
Micron Technology has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Micron Technology has a slightly negative Appreciation Score of 40 but a very high Power Rating of 93, producing the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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