Micron Technology stock jumps in premarket after $7.8 million insider buy as memory-chip rally rolls on
Micron shares rose 5.7% to $355.65 in premarket trading after director Teyin Mark Liu disclosed buying 23,200 shares. Other memory-chip stocks, including Western Digital and Seagate, also advanced. Citi raised its price target on Micron to $385 but warned DRAM pricing momentum may slow in the second quarter. Traders await Micron’s next earnings report, expected March 18.