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Fly News Breaks for June 29, 2015
MU
Jun 29, 2015 | 09:00 EDT
Bernstein cut its price target on Micron after the company reported weaker than expected Q3 results and said that it expected its DRAM cost to rise. The firm says it underestimated the problem that the company is facing with its 20nm DRAM shrink. Bernstein believes that the stock will probably be "dead money" until the company shows that its shrinks are on track. Bernstein expects this process to take six months and it significantly cut its estimates for the company based on its higher than expected costs, but it keeps an Outperform rating on the stock.
News For MU From the Last 2 Days
MU
Mar 26, 2024 | 08:56 EDT
Monday's total option volume of 35.0 million contracts resulted in net open interest growth of 5.07 million calls and 4.24 million puts. Tesla (TSLA), NVIDIA (NVDA), Micron (MU) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 48k Warner Bros. Discovery (WBD) 5/3 weekly 7 puts, 43k DoorDash (DASH) Jun-24 120 calls, 43k Bumble (BMBL) May-24 9 puts, 29k Tesla (TSLA) 3/28 weekly 170 puts and 25k Tesla (TSLA) 4/26 weekly 150 puts.