Monday, November 25, 2024
HomeFinanceMicron shares slump after China threat, while Meta slips after record fine

Micron shares slump after China threat, while Meta slips after record fine


Here are some of the bigger stock movers for Monday.

Stock gainers:

The Global X MSCI Greece ETF
GREK,
-0.06%

rallied 6% after an unexpectedly large victory for Greece’s ruling conservative party, that nonetheless is likely to result in a run-off election.

DraftKings shares
DKNG,
+0.54%

rose 4% after UBS reportedly upgraded the stock to buy from neutral.

Stock decliners:

Micron Technology Inc. shares
MU,
+0.89%

skidded 6% after the Chinese government on Sunday told some tech manufacturers to stop buying products from the biggest U.S. memory chip maker because of “security risks,” in apparent retaliation for U.S. tech restrictions against China.

Meta Platforms shares
META,
-0.49%

edged 1% lower after being fined €1.2 billion ($1.3 billion) over allegations it violated European Commission rules on data protection.



This story originally appeared on Marketwatch

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