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The memory maker now sees more earnings a quarter than it did when its shares peaked. Has the sell-off been overdone?
Wall Street analysts are chasing Micron with targets that leave our model cold, and the gap between their optimism and our measured call comes down to one overlooked risk lurking beneath record-breaking earnings.
TradingKey - As of the close on October 15, Eastern Time, Micron (MU) snapped a five-day losing streak, closing up 1.87% at $931.24. The stock dropped to an intraday low of $858 before rapidly rebounding to near $931, with a trading volume of approximately 39.1 million shares. Technical analysis indicates that the…