Micron Technology Stock Falls On Unusually High Volume (MU)

NEW YORK ( TheStreet) -- Micron Technology (Nasdaq: MU) is trading at unusually high volume Tuesday with 70.1 million shares changing hands. It is currently at two times its average daily volume and trading down 91 cents (-6.5%) at $13.12 as of 2:51 p.m. ET.

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Micron Technology has a market cap of $14.74 billion and is part of the technology sector and electronics industry. Shares are up 121.3% year to date as of the close of trading on Monday.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Micron Technology Ratings Report.

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