$Micron Technology (MU.US)$ Wow!! 😱😱😱 When I looked at it...
Wow!! 😱😱😱 When I looked at it at night, as of 16:15 Japan time, while other semiconductors were mostly rising, Micron alone fell by more than 2%. I had a bad feeling when I looked at it earlier and it was struggling, but it fell heavily.
Perhaps because this stock has the potential for significant growth, the persistence of those who hold it back seems quite remarkable. It truly is a thorny path.
In the South Korean market today, SK Hynix soared more than 7%, since Samsung is in a slump, it's a great support fire for the same industry Micron.
I was so excited for tonight!!! Angry Angryヽ(`Д´)ノプンプン
It seems that the culprit can only be these annoying new analyst ratings. Read the room, come on~ 💦
However, there are plenty of positive analyst ratings, and in the past few days, there have been numerous strong buy recommendations for Micron from well-known analysts... (in fact, it's filled with buy recommendations) So why is there such a sensitive reaction to just one negative evaluation? Even when Mizuho Securities lowered the target stock price by a mere 5 dollars a couple of weeks ago, it dropped significantly.
I hope it can return to the morning opening price...
Or maybe there are other factors?
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Marvin1986 OP : Postscript: Subsequently, I found out through information from other contributors and news that another outrageous rating here is having an even greater impact.BNP Paribas downgrades Micron Technology (MU.US) to a sell rating, and cuts the target price to $67.