Why Is Micron Stock Falling on Friday?
Micron Technology Inc. (NASDAQ: MU) stock dropped Friday morning following sector profit-taking, leveraged fund liquidations, and short position updates.
Micron's stock price went down because some investors decided to sell their tech holdings to lock in profits, and some borrowed-money traders had to sell. Watch whether the company's actual business stays strong—price drops don't always mean the company is doing worse.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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