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).

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This morning, Piper Sandler downgraded the stock on concerns about the economy in general, and about DRAM prices in particular.

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Source Fool.com