Micron Drops 6% After Citi's Price Target Cut: 3 Reasons Bears and Bulls Are Both Right

Micron shares fell 6% to $347 in early Thursday trading, reversing much of yesterday's 8.88% rally that closed at $367.85. The move reflects intraday volatility and likely profit-taking after the prior-session jump, with limited broader-market implications absent new company- or industry-specific news.

Analysis

Micron shares fell 6% to $347 in early Thursday trading, reversing much of yesterday's 8.88% rally that closed at $367.85. The move reflects intraday volatility and likely profit-taking after the prior-session jump, with limited broader-market implications absent new company- or industry-specific news.