Micron Technology (MU) stock fell 9.55% to $379.40 following a two-session 14% decline, driven by insider selling of 25,000 shares and a valuation reassessment after the stock surged past $400.
- Analysts maintain a 'Strong Buy' rating, noting the stock trades at 12x forward earnings, suggesting potential undervaluation despite recent volatility.
- Despite sector headwinds, MU fundamentals remain strong, with projected EPS growth of 319% for fiscal 2026, supported by capacity expansions in Singapore and Taiwan.
- The stock showed signs of recovery in pre-market trading on February 5th, rising 0.96% to $383.05.