What's Going On With Micron Technology Stock Monday?
Portfolio Pulse from Dylan Berman
Micron Technology, Inc. (NASDAQ:MU) shares are trading lower on Monday amid broader technology sector concerns and recent announcements about its advancements in PCIe Gen6 data center SSD technology. The stock is currently trading below its 50-day moving average and in the middle of its 52-week range.
August 05, 2024 | 5:07 pm
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Micron Technology shares are trading lower due to broader technology sector concerns and recent announcements about its PCIe Gen6 data center SSD technology. The stock is currently below its 50-day moving average and in the middle of its 52-week range.
The decline in Micron's stock price is influenced by broader technology sector concerns and recent announcements about its new PCIe Gen6 SSD technology. The stock trading below its 50-day moving average indicates potential short-term bearish sentiment.
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