Micron technology stock price closed at $118

Micron Technology stock price closed at $118.42 yesterday, up 1.8% on heavier-than-average volume, as traders reacted to bullish DRAM pricing outlook and AI-driven demand in the semiconductor sector. Analysts see short-term resistance near $122 and support at $114. Read the full narrative on Micron Technology (it's free!) When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Today, Micron Technology stock price opened stronger, buoyed by reports of expanding NAND flash shipments. Analysts project double-digit year-over-year earnings growth for FY2024, favoring the semiconductor growth cycle.