STOCKS | Micron Shares Fall Nearly 14% in a Month After June High Despite Record Quarterly Results

Micron shares fell nearly 14% over the past month despite the company reporting record quarterly revenue of $41.46 billion and adjusted earnings per share of $25.11. According to NS3.AI, the decline was framed as profit-taking after the stock reached a yearly high of $1,255 in June. The report linked the pullback to investors locking in gains following the run-up to that high, even as the company posted its strongest quarterly figures on record.