finance
Micron Stock Falls After Samsung Avoids Strike
Micron Technology shares traded lower Friday after Samsung Electronics resolved a potential labor dispute. The move eased earlier concerns about reduced global memory chip output.
May 22, 7:57 AM·1m read1 source
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Micron Technology Inc. stock traded lower in Friday trading after earlier volatility this week. The shares had risen more than 140 percent year-to-date before investors reduced positions.
Ltd. reached an agreement that averted a worker strike, according to market updates. Earlier in the week, concerns that a strike could cut global memory output had supported higher prices for memory chip makers. The resolution prompted investors to reduce some of those gains. 17 percent during the session.
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