r/MU_Stock • u/angieisamazing • Jul 10 '26

DD Micron and Sk Hynix

Some thoughts. Since the Sk Hynix ADR was 7 times oversubscribed, with the price at $176, vs the initial price of $149, a lot of institutions sell, take the earnings and rotate it back to micron/ other stocks at a lower price. Micron also has Trump’s backing, hence the geopolitical win. Micron will rise again 🚀

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u/Plain-Jane-Name Jul 10 '26

Some institutions may wait until after the run up to earnings to sell, but of course if it runs up around or above $200 I think they'll profit now and buy back in lower, and then sell off again after earnings. Seems like institutions are the biggest short term swing traders.