Micron stock jumps nearly 8% on insider buy, setting up a choppy holiday week for chip shares
Micron shares jumped 7.8% to $362.75 Friday after director Teyin M. Liu bought 23,200 shares, according to an SEC filing. The semiconductor index rose 1.2% while broader U.S. markets closed flat ahead of the long weekend. Traders await a heavy earnings slate Tuesday when markets reopen.