Micron Technology Stock Edges Higher: MU Shares See Modest Gains in Morning Trade
Micron Technology Inc (NASDAQ: MU) is seeing a positive start to its trading day on May 8th, with its stock price registering a modest increase in the morning session. The semiconductor giant is an important player for investors watching the technology and memory chip sectors.
As of 10:58 am GMT-4, shares of Micron Technology were trading at 83.76 USD. This represents an uptick of +1.14 USD, or 1.38%, for the current day. This gain pushes the stock above its previous closing price of 82.62 USD.
The trading day for MU commenced with an opening price of 84.25 USD. So far, the stock has reached an intraday high of 85.30 USD and a low of 83.37 USD, indicating moderate trading activity.
Key financial indicators for Micron show a market capitalization of 9.41KCr. The company’s P/E ratio is listed at 20.25, and it offers a dividend yield of 0.55% to its shareholders.
In terms of its annual performance, the current price of 83.76 USD is situated well above its 52-week low of 61.54 USD. However, it remains some distance from its 52-week high of 157.54 USD. Investors will be monitoring MU’s performance throughout the day to see if these early gains can be built upon.
