Why Micron Stock Popped Today

Shares of computer memory maker Micron Technology (NASDAQ: MU) enjoyed an unexpected upsurge in Monday morning trading -- unexpected because much of the news on Micron today is negative. Multiple analysts downgraded the stock, cut its price target, or warned of production cuts -- or some combination of the three -- but as StreetInsider.com reported today, one analyst in particular argues that Micron stock could defy the bad news and double in price. Shares of Micron are up 2.5% as of 10:40 a.m. EDT.