Micron (MU) Stock Week Ahead: $878 Before the 27 October…
By Tobi Opeyemi Amure
AI summary of the source article
Micron shares closed up 2.46 percent at $877.55 on October 23 amid below-average volume. The company faces resumed labor talks in Taiwan on October 27 after union members rejected a profit-sharing proposal, alongside upcoming earnings from rival chipmakers.
Why it matters
A deal on Tuesday removes the one company-specific overhang in a sector-wide de-rating; a strike date adds a supply question to a market that has suddenly started worrying about demand.
Key facts
- Micron closed at $877.55 on October 23, up 2.46 percent, on volume of 21.1 million shares.
- Nearly 70 percent of Micron's Taoyuan union members voted against a profit-sharing offer, with talks resuming October 27.
- Industry competitors SK hynix and Samsung report results on October 28 and October 29 Korea time, respectively.
Source excerpt · FinanceFeeds
Micron closed at $877.55 after a 2.5 percent rebound as 70 percent of its Taoyuan union rejected the offer. Talks resume 27 October, SK hynix reports 28 October, Samsung 29 October. Bull $950, bear $800.