Why Micron Stock Stumbled on Friday
Shares of computer-memory maker Micron Technology (NASDAQ: MU) were down 7.5% as of 11:25 a.m. ET today. This morning, investment bank Piper Sandler downgraded shares of Micron stock to underweight (i.e., sell).
This morning, Piper Sandler downgraded the stock on concerns about the economy in general, and about DRAM prices in particular.
Source Fool.com