Movers & Shakers: Micron shares slump after China threat, while Meta slips after record fine

May 22, 2023

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.

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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