In a filing, Micron Technology Inc. revealed its Officer MICHAEL W. BOKAN acquired Company’s shares for reported $1.09 million on Oct 21 ’24. In the deal valued at $109.03 per share,10,000 shares were bought.
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Then, ARNZEN APRIL S sold 4,890 shares, generating $552,570 in total proceeds. Upon selling the shares at $113.00, the EVP and Chief People Officer now owns 135,830 shares.
Before that, ARNZEN APRIL S bought 4,890 shares. Micron Technology Inc. shares valued at $552,570 were divested by the Officer at a price of $113.00 per share.
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 fall -1.86% to $109.08. Over the last five days, the stock has gained 0.68%. Micron Technology Inc. shares have risen nearly 27.82% since the year began. Nevertheless, the stocks have risen 61.53% 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 $98.90, while 200 days put it at $107.42.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 107.47, which if violated will result in even more drops to 105.85. On the upside, there is a resistance level at 110.92. A further resistance level may holdings at 112.75. The Relative Strength Index (RSI) on the 14-day chart is 59.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.17%. Stochastics %K at 77.47% 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 2024-09-30, dropping by -1.81 million shares to a total of 34.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 35.98 million shares. There was a decline of -5.29%, which implies that there is a negative sentiment for the stock.
