Micron stock jumps nearly 8% on New York megafab move and insider buying
Micron shares surged 7.8% to $362.75 after the company broke ground on its $100 billion megafab in New York. Director Teyin Liu disclosed a purchase of 23,200 shares. RBC Capital began coverage with an Outperform rating and a $425 target, citing tight memory supply. The Philadelphia Semiconductor index rose 1.1% Friday.