|Bid||76.82 x 1400|
|Ask||76.95 x 1300|
|Day's Range||76.13 - 79.28|
|52 Week Range||42.25 - 96.96|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||27.36|
|Earnings Date||Jun. 30, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 07, 1996|
|1y Target Est||118.62|
Yahoo Finance’s Jared Blikre reports on the day's trending tickers.
Micron Technology (NASDAQ: MU) stock dodged a bullet yesterday. After analysts at Lynx Equity Strategies downgraded the computer-memory maker to "sell" on Thursday, you might have expected investors to react by, well, selling the stock. Micron just got hit by its second downgrade in two days, with Cleveland Research cutting the stock to "neutral."
The Senate recently passed the U.S. Innovation and Competition Act, which would grant $52 billion in subsidies to the U.S. semiconductor industry. This assistance comes as chip production continues to trend away from America's producers. Also, the Congressional Research Service found that the U.S. accounted for only 11% of production in 2019, compared with 40% in 1990.