In this article, we take a look at five stocks that are on the move on Wednesday. If you want to take a look at some more stocks that are tending today and the latest market situation, go to Why These 10 Stocks Are on the Move on Wednesday.
5. Micron Technology, Inc. (NASDAQ:MU) has soared nearly 4% as of 9:56 AM ET after the manufacturer and seller of semiconductors reported strong earnings and outlook, receiving the support of analysts. Vijay Rakesh at Mizuho increased the price target on Micron Technology, Inc. (NASDAQ:MU) from $110 to $113, reflecting a potential upside of over 40% from the last closing price. The analyst thinks that Micron Technology, Inc. (NASDAQ:MU) is ‘well-positioned’ to capitalize on the opportunities in the data center, PC, and mobile segments.
Of the 924 hedge funds in Insider Monkey’s database, 83 held a stake in Micron Technology, Inc. (NASDAQ:MU) at the end of Q4 2021.