Barclays Maintains Overweight on Micron Technology, Lowers Price Target to $110
Micron Technology Analyst Ratings
Daily short sale tracking: Micron Technology's short volume increased by 4 million, with a short sale ratio of 11%
Micron Technology(MU.US) ranked top of the list had the largest change in short volume (4.13 million shares), and the short volume ratio of Targa Resources(TRGP.US) reached 45.12%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
Micron Technology (MU) Shares Sold Off After Weak Guidance
Today's Analyst Rating | Piper Sandler Cuts Its Price Target Cut on Micron Technology to $120, KeyBanc Upgrades Fortinet to Buy
Dec 20, Wall Street analysts have updated their stock ratings today including $Micron Technology(MU.US)$ and $Fortinet(FTNT.US)$.
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Friday; Tesla, Advanced Micro to Decline, DTE Energy to Advance
Stock Markets Face a Government Shutdown After -2-
FedEx, Nike, U.S. Steel, BlackBerry, Tesla, Micron, and More Stock Market Movers
This week's US stock market hot stocks | The US version of HAIDILAO exceeds expectations! Darden Restaurants' stock price skyrocketed nearly 15%; Boeing, a component of the Dow, rose 4.36% against the trend this week, receiving a large order for 737 MAX a
This week, the Dow Jones Industrial Average has fallen by 3.39%, closing at 42,342.24 points; during the same period, the S&P 500 Index has decreased by 3.04%, closing at 5,867.08 points; the Nasdaq has dropped by 2.78%, closing at 19,372.77 points.
Micron Technology's stock price plummeted by 16%, with a further decline of over 2% in pre-market trading, causing market concerns about whether AI growth can support the future.
Behind the 400% surge in Datacenter Business, Micron unexpectedly caught investors off guard due to a weak Consumer market and a guidance indicating a 9% quarter-on-quarter decline in revenue.
Daily Options Tracking | The "Triple Witching Day" is heavily upon us today! Micron's earnings report has crashed, and Put options trading is hot, with multiple put contracts earning over 2 times; Bitcoin has dropped below $100,000, and MSTR's Put options
The "mining stocks" MARA fell over 5% overnight, with an Options Chain Volume of 0.436 million contracts, implied volatility rising to 112%, and the proportion of Puts increasing to 28%; on the Options Chain, the top five contracts are all calls, with the highest volume being the $21 expiration option, reaching 0.019 million contracts, and an open interest of 3,700 contracts.
TD Cowen has lowered Micron Technology's Target Price to $125.
Gelonghui, December 20|TD Cowen: Downgraded Micron Technology's Target Price from $135 to $125, maintaining a "Buy" rating. (Gelonghui)
After Micron issued a bleak outlook, Benchmark downgraded Western Digital (WDC.US) to "Hold."
Investment bank Benchmark has downgraded the rating of Western Digital's Stocks from "Buy" to "Hold".
S&P 500, Nasdaq End In Red As Investor Sentiment Declines, Micron Tumbles After Sales Miss: Greed Index In 'Extreme Fear' Zone
What's Behind Micron's Stock Stumble -- and What Comes Next -- Barrons.com
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
Top 20 by transaction volume | Micron's performance far below expectations, stock price drops over 16%; MicroStrategy down over 6%.
On Thursday, the 5th largest stock by trading volume in the U.S. market, MicroStrategy, fell by 6.63%, with a transaction volume of 9.015 billion USD; the 9th place, Micron Technology, dropped by 16.18% with a transaction volume of 7.934 billion USD; and the 18th place, SoundHound AI, fell by 9.55%, with a transaction volume of 2.789 billion USD.
U.S. stock market close | The three major Indexes had mixed results, with the Dow ending a 10-day losing streak; Quantum Computing concept stocks corrected, with QUBT and Quantum down about 40%; FedEx surged more than 13% after hours.
① The Dow Jones slightly increased, while the S&P 500 Index and Nasdaq slightly decreased; ② Micron Technology dropped over 16%; ③ Nike rose more than 10% in Post-Market Trading.
The Dow Jones rose 0.04%, ending a 10-day losing streak, while Micron Technology fell over 16%.
On December 20, the three major U.S. stock indexes closed mixed, with the Nasdaq down 0.1%, the S&P 500 Index down 0.09%, and the Dow Jones up 0.04%. The Dow Jones ended a 10-day losing streak. Large technology stocks had mixed results, with NVIDIA, Netflix, and Amazon rising over 1%, while Google and Apple saw slight increases; Intel fell over 1%, while Tesla, Microsoft, and Meta experienced minor declines. Micron Technology dropped over 16% as its second fiscal quarter guidance fell short of expectations. China Concept Stocks also showed mixed results, with the Nasdaq China Golden Dragon Index down 0.06%. Baidu and Fangdd Network fell over 3%, and DouYu was down over 2%; Ideal Autos and New Oriental rose.
S&P 500, Nasdaq Fall; Dow Breaks 10-Day Losing Streak