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

by user

Here are some of the bigger stock movers for Monday.

Stock gainers:

The Global X MSCI Greece ETF

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

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

Stock decliners:

Micron Technology Inc. shares

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

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

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