Micron Technology Inc.’s recently made public that its EVP and Chief People Officer ARNZEN APRIL S unloaded Company’s shares for reported $0.55 million on Sep 26 ’24. In the deal valued at $113.00 per share,4,890 shares were sold. As a result of this transaction, ARNZEN APRIL S now holds 135,830 shares worth roughly $13.98 million.
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Then, ARNZEN APRIL S bought 4,890 shares, generating $552,570 in total proceeds.
Before that, ARNZEN APRIL S sold 4,890 shares. Micron Technology Inc. shares valued at $664,355 were divested by the EVP and Chief People Officer at a price of $135.86 per share. As a result of the transaction, ARNZEN APRIL S now holds 142,321 shares, worth roughly $14.65 million.
TD Cowen reiterated its Micron Technology Inc. [MU] rating to a Buy in a research note published on September 26, 2024; the price target was $135. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo also remained covering MU and reiterated its “an Overweight” recommendation on September 18, 2024. Morgan Stanley maintained its rating on September 16, 2024. It rated MU as “an Equal-weight”.
Price Performance Review of MU
On Monday, Micron Technology Inc. [NASDAQ:MU] saw its stock jump 0.65% to $102.91. Over the last five days, the stock has lost -0.77%. Micron Technology Inc. shares have risen nearly 20.59% since the year began. Nevertheless, the stocks have risen 49.04% over the past one year. While a 52-week high of $157.54 was reached on 06/18/24, a 52-week low of $63.88 was recorded on 02/20/24. SMA at 50 days reached $96.79, while 200 days put it at $106.28.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 100.95, which if violated will result in even more drops to 98.99. On the upside, there is a resistance level at 104.73. A further resistance level may holdings at 106.55. The Relative Strength Index (RSI) on the 14-day chart is 57.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.33%. Stochastics %K at 56.02% indicates the stock is a holding.
How much short interest is there in Micron Technology Inc.?
A steep rise in short interest was recorded in Micron Technology Inc. stocks on 2024-09-13, growing by 5.53 million shares to a total of 36.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 31.42 million shares. There was a rise of 14.97%, which implies that there is a positive sentiment for the stock.
