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Why Micron Technology Stock Was Down Thursday

TheMotleyFool

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Why Micron Technology Stock Was Down Thursday

Shares of Micron Technology (NASDAQ: MU) were down 6.4% at 9:50 a.m. EDT on Thursday after Morgan Stanley analyst Joseph Moore downgraded the stock to equal weight and cut his price target by $30 to $75.

The stock has outperformed the Nasdaq Composite index over the last year, up 46%.