Micron Stock Retreats Again: Citigroup Significantly Lowers Price Target, Largest Long Position on Chain Liquidated 2.2%

BlockBeats News, March 31st, according to Hyperinsight Monitoring, Citibank cited the recent significant softening of the DDR5 DRAM spot price as the reason for slashing Micron's price target by 17%, down from $510 to $425, while maintaining a buy rating and all profit forecasts unchanged. Micron Technology's stock price fell 1.5% in pre-market trading, and on Hyperliquid, the MU contract's intraday decline expanded to 12.5%, currently at $317.

On Hyperliquid, the largest long position in MU held by "Continue Capital Associated Address" saw its floating loss increase to $1.25 million, with a return rate of approximately -320%. The position size reached $5.47 million, with an average price of $390, a liquidation price of $310.2, currently 2.2% away from liquidation, and there has been no stop-loss yet.