Why Micron Stock Is Under Pressure Today
Could Chinese memory chips crush Micron's pricing power?
Overview
Despite the bullish backdrop for the broader market, Micron (NASDAQ: MU) stock is in the red in Monday's trading. The company's share price was down 0.3% as of 1:05 p.m. ET. Meanwhile, the S&P 500 and the Nasdaq Composite were up 1.2% and 1.9%, respectfully.
Micron stock was down as much as 6.4% soon after the market opened, but it has managed to regain substantial ground as the day has progressed. While the stock is up 684% over the last year as of this writing, it's also down 32% from its high.
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Details
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.