On 12/19/24, Micron Technology Inc. (NASDAQ: MU) stock suffered a major decline of -16.2%, closing at $87.09. Moreover, this decline was accompanied by exceptionally high trading volume at 457% of normal. The stock has declined -14.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Micron Technology has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Micron Technology has a neutral Appreciation Score of 53 but a poor Power Rating of 28, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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