10 Biggest Losers of This Week

3. Micron Technology Inc. (MU)

Shares of Micron Technology (MU) registered a whopping 18.95-percent decline in the last five trading days to finish Tuesday’s trading down to $89.28 apiece from the $110.15 close on Wednesday.

According to analysts, investor appetite was dampened by institutional investors’ recent revisions on the company’s share prices.

A recent analysis by financial institutions has led to adjustments in the price targets for Micron Technology’s shares.

JPMorgan Chase & Co., for instance, reduced its stock price estimate to $145 from $180 apiece, while maintaining an “overweight” stance.

Barclays also revised its evaluation, lowering the price target from $145 to $110, yet still regarding it as “overweight.”

Collectively, analysts’ adjustments placed the average price target for the company at $135.24, with most recommending a “moderate buy” stance.