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Micron Technology's shares fell on Friday as a global sell-off gripped technology stocks, capping a volatile week of trading for the memory chipmaker.
The decline added another swing to what the company's investors had already endured across the preceding sessions.
A Week of Sharp Reversals Micron's Friday move was the punctuation mark on a week the source characterizes as a whipsaw — a term that implies sharp moves in both directions, not a clean directional trend.
For portfolio managers running semiconductor exposure, that kind of intraday and intraweek volatility raises the cost of position management and widens bid-ask spreads on any rebalancing.
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