Bearish
Micron's stock drops 2.69% to $933.44 amid labor unrest and warranty disputes
Micron Technology Inc. (MU) experienced a 2.69% decline in stock price to $933.44, influenced by labor unrest in Taiwan and a warranty dispute over a Crucial SSD. The Taiwanese labor union is advocating for a profit-sharing scheme, with 80% of workers supporting a potential strike. Additionally, a customer reported dissatisfaction with Micron's warranty response, highlighting challenges in customer service.
Key points
- Labor Unrest in Taiwan: Micron Taiwan faces increasing support for a potential strike, with 80% of workers backing the move for a profit-sharing scheme.
- Warranty Dispute: A Crucial SSD customer reported dissatisfaction with Micron's warranty response, leading to negative publicity.
- Stock Performance: Micron's stock closed at $933.44, down 2.69% from the previous close, with an intraday high of $969.18 and a low of $922.69.
Sources
AI-generated from public news sources. Not financial advice.
