Micron Stock Retreats Again: Citigroup Significantly Lowers Price Target, Largest Long Position on Chain Liquidated 2.2%

March 31st — Per HyperInsight Monitoring, Citibank cut its price target on Micron Technology by 17% from $510 to $425, citing a recent sharp softening in DDR5 DRAM spot prices. The bank maintained a Buy rating and kept all earnings forecasts unchanged. Micron’s stock fell 1.5% in pre-market trading. On Hyperliquid, the MU contract’s intraday decline widened to 12.5%, last trading at $317. On Hyperliquid, the largest long position in MU held by the “Continue Capital Associated Address” saw its floating loss rise to $1.25 million, with a return rate of roughly -320%. The position size totals $5.47 million, with an average entry price of $390 and a liquidation price of $310.2. It is currently 2.2% away from liquidation, with no stop-loss in place yet.