Micron Technology Inc. (NASDAQ: MU) stock closed at $109.88 on 9/26/24 after a major increase of 14.7%. Moreover, trading volume in this advance was exceptionally high at 434% of normal. The stock has risen 25.8% during the last week and has been strong relative to the market over the last nine months.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Micron Technology has a slightly negative Appreciation Score of 40 but a good Power Rating of 83, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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