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Micron Technology (MU) Is Heading Lower After Offering Announcement

Micron Technology (MU) announced after the bell Tuesday that it intends to offer approximately $1 billion of shares of common stock in an underwritten public offering. The stock is now down 1.23 on 2.4 million shares.

Micron Technology rose above Tuesday's range in the final 90 minutes of trade and closed up by 1.02 at $41.98. The stock has been on an upward trend for the past 2 months and set a new high for the year.

by RTTNews Staff Writer

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