The analyst is taking profits on Micron Technology (MU) shares before the earnings report.
Taking profits before the earnings announcement suggests closing or reducing position to avoid earnings risk.
Profit taking before $MU earnings.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +15.7% | +15.6% |
| 1 week | -1.5% | -3.3% |
| 1 month | -12.2% | -12.9% |
| 3 months | — | — |
| 6 months | — | — |