|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||2.68 - 2.72|
|52 Week Range||1.60 - 4.08|
|PE Ratio (TTM)||-1.25|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Announcement: Moody's: Toshiba's announced sale of memory business is credit positive, no immediate ratings impact. Global Credit Research- 21 Sep 2017. Tokyo, September 21, 2017-- Moody's Japan K.K. says ...
Micron Technology, Inc. (NASDAQ:MU) stock rose to a new 52-week high on Friday, reaching $33.02 as investors applauded comments made by the management which exposed the falseness that the company’s memory chip business had peaked and was due for a fall. Micron stock closed Friday at $32.35, which amounts to a 7% return since I last told you to just buy the stock and stop trading it. Last week at the Citi 2017 Global Technology Conference, Micron management affirmed more reasons to expect prices to reach $40 in the next 12 to 18 months.
The memory market is currently in an uptrend, though fears of a downtrend have made some investors cautious.