Micron Technology On Pace for Highest Close in Over a Year -- Data Talk

Micron Technology, Inc. (MU) is currently at $54.34, up $1.30 or 2.45%

-- Would be highest close since July 20, 2018, when it closed at $55.02

-- Currently up 11 of the past 12 days

-- Earlier Thursday, nine firms raised their price target on Micron, Benzinga reported

-- On Wednesday, Micron reported that first-quarter adjusted earnings were 48 cents a share, down from $2.97 a share. Analysts polled by FactSet were expecting 47 cents a share. Revenue was $5.14 billion, down 35%. Analysts were expecting $4.99 billion

-- Micron also called the current quarter "the cyclical bottom for our financial performance." Revenue for the period is projected to be down 20% year over year to $4.65 billion at the midpoint, an improvement over the 35% slide for the quarter that ended Nov. 28

-- Currently up eight consecutive days; up 16.99% over this period

-- Longest winning streak since May 31, 2017, when it rose for nine straight trading days

-- Best eight day stretch since the eight days ending July 8, 2019, when it rose 23.65%

-- Up 14.38% month-to-date

-- Up 71.26% year-to-date; on pace for best year since 2017, when it rose 87.59%

-- Down 43.73% from its all-time closing high of $96.56 on July 14, 2000

-- Up 73.72% from 52 weeks ago (Dec. 20, 2018), when it closed at $31.28

-- Would be a new 52 week closing high

-- Up 87.25% from its 52 week closing low of $29.02 on Dec. 24, 2018

-- Traded as high as $55.23; highest intraday level since July 24, 2018, when it hit $55.40

-- Up 4.13% at today's intraday high

-- Eighth best performer in the S&P 500 today