MU will report earnings Wednesday
Barclays lifted its worth goal on Micron Expertise Inc (NASDAQ:MU) inventory to $120 from $95 forward of this week’s earnings report, anticipating “one other robust beat and lift” from the corporate. MU initially jumped over 4% after the bull be aware in the present day, although has since pared good points — up 0.9% at $94.11 ultimately look.Â
Micron Expertise will report earnings after the shut on Wednesday, Mar. 20. The choices pits are pricing in a 16.2% swing after the occasion, no matter path, which is far bigger than the 4.3% transfer the inventory has averaged over the previous two years. Of these final eight stories, MU completed its next-day session optimistic simply 3 times, one among which was a 8.6% rise this previous December.
Name merchants have been concentrating on the semiconductor inventory the final 10 weeks. On the Worldwide Securities Change (ISE), Cboe Choices Change (CBOE), and NASDAQ OMX PHLX (PHLX), MU’s 50-day name/put quantity ratio of three.14 ranks increased than 98% of readings from the previous yr.Â
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