Micron Technology Inc. (NASDAQ:MU) traded at a new 52-week high today of $95.75. This new high was reached on below average trading volume as 4.5 million shares traded hands, while the average 30-day volume is approximately 16.7 million shares.
Over the past year, Micron Technology Inc. has traded in a range of $31.13 to $95.75 and is now at $93.77, 201% above that low.
Based on a current price of $93.77, Micron Technology Inc. is currently 12.8% above its average consensus analyst price target of $81.77.
Micron historically focused on designing and manufacturing DRAM for PCs and servers. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016). The firm’s DRAM and NAND products tailored to PCs, data centers, smartphones, game consoles, automotives, and other computing devices.
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