Micron Jumps; Northrop Grumman, Moderna Slide

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Micron Technology Inc. (MU) shares jumped after the largest US maker of memory chips gave a sales forecast for the current quarter that shattered estimates after the AI building frenzy fueled unprecedented demand.

- Northrop Grumman (NOC) stocks fell after the Pentagon selected the Boeing over rival Northrop Grumman, to build the Navy’s next-generation fighter jet — the Sixth-Generation F/A-XX Strike Fighter, which a JPMorgan analyst called an important win.

- Moderna (MRNA) shares fell the most in a month on Wednesday as a Citigroup Inc. analyst recommended selling the stock, saying its current valuation is “unjustifiable” following an outsized rally. The vaccine maker has been on a tear this year, with most of the stock’s near 600% surge coming off the back of positive data from the firm’s cancer vaccine with Merck & Co. in August.

See omnystudio.com/listener for privacy information.