Here's Why Micron Technology Stock Jumped Today

Anders Bylund, The Motley Fool
·2-min read
Here's Why Micron Technology Stock Jumped Today

Shares of Micron Technology (NASDAQ: MU) were trading 6.2% higher by 11:50 a.m. EST, boosted by a fresh set of guidance targets for the first quarter of fiscal year 2021. The midpoint of Micron's revenue guidance was boosted from $5.2 billion to $5.73 billion. Micron's adjusted first-quarter earnings are now seen landing near $0.71 per share, up from $0.47 per share.