Despite rising as much as 41% since bottoming out along with the rest of the market in mid-March, Micron (MU) shares are still in the red in 2020 – down by 9%. The performance is particularly galling when compared to the company’s peers in the semiconductor industry. The SOX (The PHLX Semiconductor Sector Index) – the sector’s overall indicator – is up by 19% year-to-date, highlighting Micron’s underperformance.So, the negative sentiment could mean one of two things. Either Micron’s business is in bad shape and investors are lacking confidence in its ability to perform or that Micron presents an opportunity …read more
Source:: Yahoo Finance
