Micron Technology shares are trading lower after the company updated Q1 guidance.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology has revised its Q1 guidance, leading to a decline in its share price.
November 28, 2023 | 3:31 pm
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NEGATIVE IMPACT
Micron Technology's updated Q1 guidance has negatively impacted its stock price.
Revised guidance, especially when it is lower than previous estimates, often results in a negative investor reaction. This is because it may indicate that the company is not performing as well as expected, which can lead to a decrease in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100