This stock is more cyclical than the other semis and has a higher "beta" as well. It's dead money until the memory market turns. When that happens MU will rocket higher very quickly, but expect NOTHING until the market sees the memory market improve.
By the way, I guess that announcement last week really killed the stock. Most semis up between 4-7% this week micron a 1/3 of that. Most semis are at recent highs right now while micron lags about 10% below it’s recent high.
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