Micron stock to set record open Tuesday, as stock price continues to surge
SYRACUSE, N.Y. — Micron Technology Inc continued its recent stock market surge before the market opened on Tuesday, October 7, and a new analysis said it’s for real.
Micron closed Monday at $190.96, a fourth consecutive record close for the semiconductor company, which has benefitted from investors putting money into semiconductor-equipment stocks in recent weeks.
After-hours trading had Micron near $195 at 7 a.m. on Tuesday.
Micron, has been a winner of the unexpected spike in demand for memory and storage hardware, according to Barron’s. Seeing its stock price rise almost 140% this year and 41% in September alone.
Worries of an inflated price, which could potentially trigger a sell-off, are being quieted by a new analysis of the…
