Micron Will Report Its Fiscal Q4 Earnings During the Market's Worst Month. History Says This Is What Happens Next.
Shareholders need to brace themselves for some potentially jarring price swings.
Overview
On Sept. 30, Micron Technology (NASDAQ: MU) will share its fiscal 2026 fourth-quarter earnings results. The stock closed trading on Friday at $932.86, having somewhat recovered from a broad chip sell-off this summer that sent Micron below $740 in late July.
Still, the stock price has a ways to go if it's going to return to its 52-week high of $1,255, and shareholders are hoping this report will provide the fuel it needs. That said, September is a notoriously tough month for the markets.
Details
The S&P 500, for example, has averaged a negative return in September from 1928 through 2023. Given how Micron has historically performed in September, shareholders may want to brace themselves for a volatile month.
Source
Originally published at www.fool.com.