Micron Technology Stock Is Falling. Should You Buy the Dip?
The looming SpaceX IPO and growing concern in the market about high valuations may be impacting Micron and other tech stocks of late.
Micron Technology Stock Is Falling. Should You Buy the Dip?
Overview
Shares of Micron Technology (NASDAQ: MU) have been falling recently. Entering trading on Thursday, the stock's valuation remained just above $1 trillion in market cap, but its price was just under $900, down 18% from its 52-week high of just over $1,089. The stock, however, is still sitting on some mammoth gains, with 12-month returns north of 680%.
Is this slowdown a good opportunity to buy Micron's stock as it takes a breather, or could it be the beginning of a much larger sell-off?
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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.
