Micron Gains, Paramount Drops, PepsiCo Falls As Weak US Business Clouds Visibility
On this episode of Stock Movers:- Micron (MU) shares rise. Micron Technology Inc. plans to increase its spending on new plants in the US to $250 billion to help meet demand for its memory chips. The company's spending is expected to carry through 2035 and help support its goal of producing 40% of its DRAM components in the US.- Paramount (PSKY) Skydance shares slide as much as 9%, the biggest intraday decline since December 5. Arete Research downgraded the media company to sell from neutral and reduced its price target to a Street low, highlighting the amount of debt the company would be…
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