The Latest Breaking News from MU

Micron Technology, Inc. (NASDAQ: MU) was featured as the call of the day Monday on CNBC's "Fast Money Halftime Report."

Investors’ worries about the Fed’s hawkish tilt to combat inflation have led several fundamentally sound tech stocks to plunge significantly in price this year. However, given the solid long-term prospects of the tech industry, we think it could be wise to invest in the shares of quality tech stocks in…

Someone with a lot of money to spend has taken a bearish stance on Micron Technology (NASDAQ:MU). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

COVID-19 pandemic-led supply chain issues significantly disrupted the semiconductor industry. However, the industry is now rebounding strongly, and given semiconductors varied uses across sectors, the industry’s prospects look impressive. Against this backdrop, we think growth stocks in the semiconductor industry that currently look undervalued—Micron Technology (MU), United Microelectronics (UMC), and…

Piper Sandler analyst Harsh Kumar downgraded Micron Technology, Inc (NASDAQ:MU) from Neutral to Underweight and lowered the price target from $90 to $70. Kumar expressed concerns about Micron's over 50% exposure to consumer-like markets such as PCs, mobile, and others when the global economy will likely face headwinds. Kumar expects the company's chip business catering…

The current market uncertainties around inflation and interest rate increases have fostered widespread bearish sentiment. However, the market sell-off has caused the stocks of quality technology companies Micron Technology (MU), Perion Network (PERI), Lenovo Group (LNVGY), Telefonaktiebolaget LM Ericsson (ERIC), and Diodes (DIOD) to trade at discounted valuations. So, we…

Someone with a lot of money to spend has taken a bearish stance on Micron Technology (NASDAQ:MU). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

A whale with a lot of money to spend has taken a noticeably bearish stance on Micron Technology. Looking at options history for Micron Technology (NASDAQ:MU) we detected 26 strange trades.

Novartis (NVS), Micron Technology (MU), Waste Management (WM), Oracle (ORCL), and Amgen (AMGN) have significant underlying strength of their businesses and therefore would be attractive buy if the stock market crashes.

Micron Technology (NASDAQ:MU) has outperformed the market over the past 10 years by 16.02% on an annualized basis producing an average annual return of 27.52%. Currently, Micron Technology has a market capitalization of $77.71 billion.

Benzinga's options scanner just detected over 16 options trades for Micron Technology (NASDAQ:MU) summing a total amount of $601,816. At the same time, our algo caught 8 for a total amount of 308,716.