What's Wrong With Micron Technology Stock?
The memory stock is down about 35% from its 52-week high.
Overview
Micron Technology (NASDAQ: MU) stock is in free fall. Although it's still up big this year with gains of around 180%, it has declined by around 20% in just the past month. And it's down around 35% from the high of $1,255 it reached earlier this year.
With a shortage still ongoing in memory and storage products, and the company achieving significant growth of late, Micron's recent decline has seemingly come out of nowhere. What's wrong with the stock, and has this pullback unlocked a great buying opportunity for investors?
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Details
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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.