Micron Technology Inc.’s recent filing unveils that its EVP and Chief People Officer ARNZEN APRIL S unloaded Company’s shares for reported $0.66 million on Jun 27 ’24. In the deal valued at $135.86 per share,4,890 shares were sold. As a result of this transaction, ARNZEN APRIL S now holds 142,321 shares worth roughly $15.35 million.
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Then, MEHROTRA SANJAY sold 34,284 shares, generating $5,220,619 in total proceeds. Upon selling the shares at $152.28, the CEO and President now owns 719,049 shares.
Before that, MEHROTRA SANJAY sold 30,000 shares. Micron Technology Inc. shares valued at $4,200,000 were divested by the CEO and President at a price of $140.00 per share. As a result of the transaction, MEHROTRA SANJAY now holds 719,049 shares, worth roughly $77.55 million.
TD Cowen reiterated its Micron Technology Inc. [MU] rating to a Buy in a research note published on June 27, 2024; the price target was $160. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late June has reiterated a ‘”a Buy”‘ rating for it. Wedbush also remained covering MU and reiterated its “an Outperform” recommendation on June 18, 2024. Stifel maintained its rating on June 18, 2024. It rated MU as “a Buy”.
Price Performance Review of MU
On Monday, Micron Technology Inc. [NASDAQ:MU] saw its stock fall -1.43% to $107.85. Over the last five days, the stock has lost -6.45%. Micron Technology Inc. shares have risen nearly 26.38% since the year began. Nevertheless, the stocks have risen 51.75% over the past one year. While a 52-week high of $157.54 was reached on 06/18/24, a 52-week low of $61.75 was recorded on 02/20/24. SMA at 50 days reached $129.84, while 200 days put it at $100.64. A total of 13.44 million shares were traded, compared to the trading of 18.55 million shares in the previous session.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 106.32, which if violated will result in even more drops to 104.78. On the upside, there is a resistance level at 110.21. A further resistance level may holdings at 112.56. The Relative Strength Index (RSI) on the 14-day chart is 30.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.07%. Stochastics%K at 10.16% indicates the stock is a buying.
