MU

Micron stock price slumps 5.7% despite increased revenues

The semiconductor shortage has been a boost for the Micron stock price. However, MU somehow suffered steep losses after announcing impressive earnings. Micron Technology (MU:NASDAQ) closed at $80.91, lower by $4.87 (-5.73%) Ahead of yesterday’s Micron earnings announcement, MU was in the process of recovering from a 5 month low. […]