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Stock impact report

Chip Stock Ready For Make-Or-Break Week [Forbes]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Company Research Source: Forbes
There could be a break from this pattern — in either direction – as soon as next week. The chipmaker heads into the earnings confessional after the close on Wednesday, Sept. 27 for its fiscal fourth-quarter report, and ahead of the event, options traders are bracing for a larger-than-expected move. The semiconductor stalwart has a mixed history of earnings reports. Going back two years, the stock averages a post-earnings move of 4.3%. In those last eight reports, MU has delivered three positive post-earnings reactions and five negative ones, including a 4.1% drawdown in late June. For Thursday's trading, the options market is pricing in a 7.2% move, regardless of direction. Micron Technology stock is 41% higher in 2023, with sharp summer pullbacks in July and August finding support at its 160-day moving average. The shares remain a chip shot from their May 30, one-year high of $74.76, but for context purposes, remain far off their Jan. 5, 2022, all-time high of $98.45. Options t Show less Read more
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