Micron Stock Drops 1.21% on June 30 2025 24.37 Billion Trading Volume Ranks 21st

On June 30, 2025, Micron Technology Inc. (MU) experienced a significant decline, with its stock price dropping by 1.21%, marking the fourth consecutive day of losses. The total trading volume for the day was $24.37 billion, a 47.15% decrease from the previous day, placing it at the 21st position in terms of trading volume for the day.

Micron Technology Inc. has been a subject of interest for investors, with its stock price currently trading around $123.19. The company's stock has shown impressive performance over the past month, with a return of +32.1% compared to the S&P 500 composite's +4.3% change. This performance is also reflected in the Zacks Computer - Integrated Systems industry, which has gained 18% over the same period.

Analysts have been revising their earnings estimates for Micron, reflecting the impact of the latest business trends. For the current quarter, Micron is expected to post earnings of $2.10 per share, indicating a change of +78% from the year-ago quarter. The consensus earnings estimate for the current fiscal year is $7.16, indicating a year-over-year change of +450.8%. For the next fiscal year, the consensus earnings estimate is $11.34, indicating a change of +58.3% from what Micron is expected to report a year ago.

Despite the positive earnings outlook, Micron's stock has experienced a sharp decline recently. The stock was priced at $123.16 as of 10:48 AM EDT, reflecting a significant drop at the market's opening bell. This decline comes amid a mix of bullish analyst revisions and cautionary signals, including a modest intraday pullback.

Analysts from Wells Fargo and UBS have reiterated their positive stance on Micron, with Wells Fargo maintaining an Overweight rating and a price target of $150 to $170, while UBS maintains a Buy rating with a price target of $120 to $155. These ratings suggest that analysts remain optimistic about Micron's growth potential and reasonable valuation, supported by solid financial health.