Micron (MU) Stock Rebounds After 17% Drop: What Comes Next?

TLDR Micron stock rose about 2% to roughly $904 in Monday premarket trading. The stock is down 17% over the past month through Friday’s close. Nasdaq 100 futures gained 0.9% while rival Kioxia posted weak results. Chamath Palihapitiya questioned whether the memory boom can last. Apple earnings, midterm elections and Friday’s jobs report loom this week. Micron stock was moving higher in Monday premarket trading. It rose 2.2% to $904.21 ahead of the opening bell. Micron Technology, Inc., MU Benzinga data showed the stock at $905.49, up 2.35%, in the same session. That is a small bounce after a rough stretch. The stock fell 2.1% last week. Through Friday’s close, it was down 17% over the past month. There was no clear catalyst for the move.

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