Movement Alert｜Direxion Daily MU Bull 2X Shares Rises 8.35% in Pre-Market Trading, Multiple Banks Raise Micron Target Price to $1100

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On May 26, Direxion Daily MU Bull 2X Shares (MUU) rose 8.35% in pre-market trading, trading at $579.88/share, with trading volume of approximately $8.99 million. The leveraged ETF tracked underlying strength in Micron Technology as multiple investment banks issued significant target price upgrades.

HSBC raised its target price on Micron Technology from $750 to $1100 on May 19, maintaining a Buy rating. Melius Research followed on May 20, also lifting its target to $1100 from $700 with a Buy rating. Deutsche Bank separately raised its target to $1000. The upgrades were primarily driven by Micron's exceptional Q6 earnings, which showed revenue of $23.86 billion (up 196% YoY), net income of $13.8 billion (up 771% YoY), and gross margins surging to 75%. Analysts cited a structural supply-demand gap in the memory industry, with HBM capacity fully sold out for the year under long-term agreements, and DRAM average selling prices projected to rise approximately 200% year-over-year. In addition, Bridgewater Associates increased its Micron position by 586,000 shares in Q1, signaling institutional confidence in the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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The leveraged ETF tracked underlying strength in Micron Technology as multiple investment banks issued significant target price upgrades.</p><p>HSBC raised its target price on Micron Technology from $750 to $1100 on May 19, maintaining a Buy rating. Melius Research followed on May 20, also lifting its target to $1100 from $700 with a Buy rating. Deutsche Bank separately raised its target to $1000. The upgrades were primarily driven by Micron's exceptional Q6 earnings, which showed revenue of $23.86 billion (up 196% YoY), net income of $13.8 billion (up 771% YoY), and gross margins surging to 75%. Analysts cited a structural supply-demand gap in the memory industry, with HBM capacity fully sold out for the year under long-term agreements, and DRAM average selling prices projected to rise approximately 200% year-over-year. In addition, Bridgewater Associates increased its Micron position by 586,000 shares in Q1, signaling institutional confidence in the stock.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MUU","symbol_name":"2倍做多MU ETF-Direxion","start_time":0,"source_url":"","article_id":"1166322088","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166322088","pubTimestamp":1779783184,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On May 26, Direxion Daily MU Bull 2X Shares (MUU) rose 8.35% in pre-market trading, trading at $579.88/share, with trading volume of approximately $8.99 million. 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The upgrades were primarily driven by Micron's exceptional Q6 earnings, which showed revenue of $23.86 billion (up 196% YoY), net income of $13.8 billion (up 771% YoY), and gross margins surging to 75%. Analysts cited a structural supply-demand gap in the memory industry, with HBM capacity fully sold out for the year under long-term agreements, and DRAM average selling prices projected to rise approximately 200% year-over-year. In addition, Bridgewater Associates increased its Micron position by 586,000 shares in Q1, signaling institutional confidence in the stock.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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