Here’s How Much Traders Expect Micron Stock to Move After Earnings Wednesday
14 minutes ago
Micron Technology is set to report earnings after the market closes Wednesday, with traders expecting a big move in the memory chip maker’s stock.
Options pricing suggests traders expect Micron (MU) shares could swing up to 9% in either direction by the end of the week. At the high end, a move of that size from Monday’s close at $237.50 would push the stock above $258, near its all-time high reached last week. At the low end, however, the stock could slip to roughly $217, where it was late last month.
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Micron, which makes memory components for leading AI chipmakers such as Nvidia (NVDA) and Advanced Micro Devices (AMD), has seen its sales surge to new highs this year on strong demand for its memory chips. Its stock has nearly tripled in value in 2025, making it one of the best-performing stocks in the S&P 500 for the year so far.
Wall Street analysts expect Micron to report a 48% year-over-year jump in revenue to a record $12.93 billion, while adjusted earnings per share are projected to more than double to $3.96 for the first quarter of fiscal 2026, according to estimates compiled by Visible Alpha.
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Kraft Heinz Names New CEO Ahead of Planned Split
1 hr 9 min ago
Kraft Heinz (KHC) will have a new chief executive ahead of its planned split next year.
Kraft Heinz on Tuesday said Steve Cahillane will become its CEO, effective Jan. 1. Cahillane, who served as Kellanova’s chief executive until its recent acquisition by Mars, also will join its board and serve as CEO of “Global Taste Elevation Co.” following its planned split into two independent, publicly traded companies.
Carlos Abrams-Rivera “will step down January 1 and serve as an advisor to the Company until March 6, 2026, to ensure a seamless leadership transition,” Kraft Heinz said. Abrams-Rivera originally was supposed to lead the post-split grocery business, “North American Grocery Co.,” but no longer. Kraft Heinz’s board will “initiate a global search for a CEO” for the grocery business, it said.
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“Global Taste Elevation Co.” is the bigger of the two planned companies, housing brands including Heinz ketchup, Philadelphia cream cheese, and Kraft Mac & Cheese. “North American Grocery Co.” will include Oscar Mayer, Kraft Singles, and Lunchables.
Kraft Heinz announced in September that it planned to break up, undoing a merger that was just a decade old.
“I’m confident the planned separation will accelerate the Company’s ability to compete and win in today’s environment and unlock the immense opportunity in front of us,” Cahillane said.
Frontier Airlines’ Parent Replaces CEO
1 hr 41 min ago
Frontier Group Holdings (ULCC) decided to make a change at the top.
The parent of ultra-low-cost carrier Frontier Airlines announced after markets closed Monday that longtime CEO Barry Biffle was being replaced on an interim basis by company president James Dempsey.
Biffle, who had served as Frontier’s CEO 11 years, will remain in an advisory role through the end of the year.
“With 13 bases and a strong cost advantage, I believe Frontier is well positioned to deliver unrivaled value to customers across the United States,” said Dempsey, who joined Frontier in 2014 as CFO. “I look forward to partnering with our team to write Frontier’s next chapter as we strive to create long-term value for all stakeholders.”
Ultra-low-cost carriers like Frontier and Spirit Airlines have struggled mightily in recent years, as bigger airlines offer more premium offerings and international flights, as well as more robust loyalty programs. Frontier attempted to combine with Spirit three years ago but was outbid by JetBlue, a merger that ultimately was rejected by the Biden administration. Spirit has filed for bankruptcy twice in just over a year.
Frontier’s shares have lost 19% of their value this year entering Tuesday.
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