Volatile Stocks: Micron Technology, Inc. (NASDAQ:MU), General Mills, Inc. (NYSE:GIS), Target Corp. (NYSE:TGT)

April 25, 2023 12:25 pm1 commentViews: 66

Memory chipmaker, Micron Technology, Inc. (NASDAQ:MU) released that its Q3 net earnings of $491M or $0.42 a share as compared with $806M or $0.68 per share last year. Excluding items, adjusted earnings for the quarter were $0.54 per share. Revenues for the quarter were $3.85 billion compared with $3.98 billion in the prior year. Analysts polled by Thomson Reuters estimated earnings of $0.56 per share on revenues of $3.90 billion for the quarter. Analysts’ predicts typically exclude special items. Micron Technology, Inc. (NASDAQ:MU) stock has highest price of $20.60 in last session, beginning with a price of $20.29 and reported a loss of -0.17% to close at $24.02 with a day range of $19.78-$20.60.

General Mills, Inc. (NYSE:GIS) released that it aims to cut around 675 to 725 positions, in order to surge its international sales and curb administrative costs as the packaged-food company aims to boost its slowing sales. The Minneapolis, Minnesota-based company expects to post restructuring charges of $57M to $62M, primarily related to one-time employee termination benefits, according to a SEC filing. The company has about 43,000 employees. General Mills expects the restructuring plan, called Project Compass, to be complete by early fiscal 2017. Shares of General Mills, Inc. (NYSE:GIS) traded at $56.49 by moving down -0.11% with price volatility of 1.04% for a week and 1.00% for a month. Its beta stands at 0.19 times.

Target Corp. (NYSE:TGT) reported that Kathryn Tesija, Executive VP and Chief Merchandising and Supply Chain Officer, will move to a strategic advisory role on July 6, 2015. So, Tesija will no longer be classified as an executive officer after July 6, 2015. The company noted that Tesija has agreed to remain employed by Target on an at-will basis until April 1, 2016 to assist with the transition of her responsibilities and provide advisory services. In this new role, Ms. Tesija will continue to receive her current base salary through April 1, 2016, and current target bonus opportunity for fiscal year 2015 performance. Target Corp. (NYSE:TGT) stock hit highest price at $84.54, beginning with a price of $84.49 and reported an advance of 0.19% to close at $84.50 with a day range of $83.98-$84.54.


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