Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Micron Technology Inc. shares valued at $552,570 were sold by ARNZEN APRIL S on Sep 26 ’24. At $113.00 per share, ARNZEN APRIL S sold 4,890 shares. The insider’s holdings dropped to 135,830 shares worth approximately $15.22 million following the completion of this transaction.
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Also, ARNZEN APRIL S purchased 4,890 shares, netting a total of over 552,570 in proceeds.
Before that, ARNZEN APRIL S had sold 4,890 shares from its account. In a trade valued at $664,355, the EVP and Chief People Officer traded Micron Technology Inc. shares for $135.86 each. Upon closing the transaction, the insider’s holdings decreased to 4,890 shares, worth approximately $15.95 million.
As published in a research note from TD Cowen on September 26, 2024, Micron Technology Inc. [MU] has been retained to a Buy and the price target has been revised to $135. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid September. As of September 18, 2024, Wells Fargo has reiterated its “an Overweight” rating for MU. Earlier on September 16, 2024, Morgan Stanley resumed its rating. Their recommendation was “an Equal-weight” for MU stock.
Analyzing MU Stock Performance
During the last five days, there has been a surge of approximately 6.02%. Over the course of the year, Micron Technology Inc. shares have jumped approximately 31.30%. Shares of the company reached a 52-week high of $157.54 on 06/18/24 and a 52-week low of $79.15 on 02/20/24. A 50-day SMA is recorded $98.19, while a 200-day SMA reached $107.15. Nevertheless, trading volume fell to 26.34 million shares from 20.45 million shares the previous day.
Support And Resistance Levels for Micron Technology Inc. (MU)
According to the 24-hour chart, there is a support level at 110.66, which, if violated, would cause prices to drop to 109.27. In the upper region, resistance lies at 113.79. The next price resistance is at 115.53. RSI (Relative Strength Index) is 64.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.13, which suggests the price will increase in the coming days. Percent R is at 13.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
