Micron Technology rebounds to close positive after steep intraday drop
Micron Technology (MU) shares recovered from a 9.6% sell-off in early trading to finish Monday's session in positive territory.
MU
Shares of Micron Technology (MU) staged a sharp reversal on Monday, climbing back into positive territory by the close after plunging as much as 9.6% during the first hour of trading.
The recovery erased the bulk of the morning's losses, with the stock ending the session green. The intraday bounce suggests traders stepped in to buy the dip, though no specific catalyst was cited in the report.
Micron's price action comes amid ongoing volatility in the semiconductor sector, as investors weigh supply-demand dynamics and macroeconomic headwinds.
Source: FXStreet Forex News