Micron Stock Is Perfect For Patient,
After spending most of last year losing ground, shares of Micron Technology (NASDAQ:) have seen a recent surge. The Boise, Idaho-based memory chip maker suffered in 2018 as trade relations and the decline of a critical sector weighed on the semiconductor market. Even with the move higher of late, MU stock now trades at more than 40% below its 52-week peak.
However, on the other side of the continuum, MU shares have also clawed back 35% from their 52-week low. This gain indicates optimism that recovery could come soon. Micron stock has a history of cyclical behavior. Given that track record, profiting from MU stock will likely come down to patience rather than timing.