1 Thing Every Micron Stock Investor Needs To Understand Right Now
Micron's day-to-day movements have split from the longer-term potential of the business.
Overview
Micron (NASDAQ: MU) stock, the leading memory chipmaker, skyrocketed through the first half of the year, up more than 300%, but since then, it's fallen apart.
The stock is down 29% from the start of July, even though there's been little news out on the company itself.
Details
Micron's last earnings report was June 24, and the company blew past estimates on the top and bottom lines, with year-over-year revenue growth of more than 300%, and earnings per share up more than 10x.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.