In a filing, Micron Technology Inc. revealed its EVP, Technology & Products Deboer Scott J unloaded Company’s shares for reported $4.41 million on May 01 ’24. In the deal valued at $110.31 per share,40,000 shares were sold. As a result of this transaction, Deboer Scott J now holds 158,617 shares worth roughly $19.05 million.
Then, Bokan Michael W sold 15,000 shares, generating $1,733,250 in total proceeds. Upon selling the shares at $115.55, the SVP, Worldwide Sales now owns 153,387 shares.
Before that, MEHROTRA SANJAY sold 7,000 shares. Micron Technology Inc. shares valued at $804,104 were divested by the CEO and President at a price of $114.87 per share. As a result of the transaction, MEHROTRA SANJAY now holds 719,049 shares, worth roughly $86.38 million.
Robert W. Baird upgraded its Micron Technology Inc. [MU] rating to an Outperform from a a Neutral in a research note published on May 06, 2024; the price target was increased to $150 from $115. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Overweight”‘ rating for it. Fox Advisors also remained covering MU and has increased its forecast on March 21, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Argus revised its rating on March 21, 2024. It rated MU as “a Buy” which previously was an “a Hold”.
Price Performance Review of MU
On Monday, Micron Technology Inc. [NASDAQ:MU] saw its stock jump 4.73% to $120.13. Over the last five days, the stock has gained 5.05%. Micron Technology Inc. shares have risen nearly 40.77% since the year began. Nevertheless, the stocks have risen 98.53% over the past one year. While a 52-week high of $130.54 was reached on 04/04/24, a 52-week low of $59.55 was recorded on 02/20/24. SMA at 50 days reached $109.00, while 200 days put it at $83.29. A total of 22.49 million shares were traded, compared to the trading of 15.56 million shares in the previous session.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 118.31, which if violated will result in even more drops to 116.49. On the upside, there is a resistance level at 121.66. A further resistance level may holdings at 123.19. The Relative Strength Index (RSI) on the 14-day chart is 59.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.94%. Stochastics %K at 53.25% indicates the stock is a holding.
The most recent change occurred on March 21, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $150.
