Micron Technology stock fell 13% on June 5, 2026
Micron Technology’s stock closed at $864 on June 5, 2026, down roughly 13% from a prior close of $996. The company’s market capitalization sat at $974.37B after the drop.
The decline came despite the stock still being up 203% year to date through June 5. Micron’s CEO had raised guidance just two quarters earlier to $18.70B in revenue plus or minus $400M for fiscal Q2 2026.
The Direxion Daily MU Bull 2X Shares fund, which tracks Micron’s stock, shed 26.65% in a single session due to its 2x daily leverage. The fund’s decline was a textbook outcome of a clean one-day drop in its underlying stock.