What's Going On With Micron Technology Stock Monday?

Micron Technology, Inc. MU shares are trading lower on Monday, along with other stocks in the broader technology sector, amid concerns over the U.S. economy. Separately, the company has made several announcements regarding its advancements in technology and upcoming plans.

What Happened: Micron announced on Monday that it has developed the first PCIe Gen6 data center SSD technology for ecosystem enablement.

Micron will showcase its PCIe Gen6 SSD technology designed for ecosystem enablement at The Future of Memory and Storage. The company is scheduled to present several times from August 6 to August 8.

The company’s stock is currently trading below its 50 day moving average of $127.77 and in the middle of its 52 week range. Micron’s 52 week range is from $61.75 to $157.53. The stock is trading at about $88 as of Monday morning.

At the end of last week, Micron shares traded lower, at about $99, in sympathy with Intel which reported worse-than-expected second quarter fiscal earnings and issued soft guidance.

How To Buy Micron Technology Shares

By now you're likely curious about how to participate in the market for Micron Technology MU – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Micron Technology MU, which is trading at $89.61 as of publishing time, $100 would buy you 1.1 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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MU Price Action: Micron stock is trading 2.43% lower at $90.45 at the time of writing per data from Benzinga Pro.

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