Micron Technology (MU) Flagged As Today's Pre-Market Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Micron Technology ( MU) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Micron Technology as such a stock due to the following factors:

  • MU has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $712.9 million.
  • MU traded 49,784 shares today in the pre-market hours as of 7:25 AM.
  • MU is down 4.1% today from yesterday's close.

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More details on MU:

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. MU has a PE ratio of 9.9. Currently there are 16 analysts that rate Micron Technology a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for Micron Technology has been 26.3 million shares per day over the past 30 days. Micron Technology has a market cap of $34.2 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.67 and a short float of 10.5% with 5.33 days to cover. Shares are up 47.7% year-to-date as of the close of trading on Tuesday.

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