Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Micron Technology Inc shares valued at $1,090,300 were sold by Bokan Michael W on Oct 21 ’24. At $109.03 per share, Bokan Michael W sold 10,000 shares. The insider’s holdings dropped to 179,032 shares worth approximately $17.76 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, MICHAEL W. BOKAN purchased 10,000 shares, netting a total of over 1,090,310 in proceeds.
Before that, ARNZEN APRIL S had sold 4,890 shares from its account. In a trade valued at $552,570, the EVP and Chief People Officer traded Micron Technology Inc shares for $113.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,890 shares, worth approximately $13.47 million.
As published in their initiating research note from China Renaissance on October 28, 2024, Micron Technology Inc [MU] has been a Buy and the price target has been revised to $148. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in late September. As of September 19, 2024, TD Cowen has reiterated its “Buy” rating for MU. Earlier on September 18, 2024, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for MU stock.
Analyzing MU Stock Performance
During the last five days, there has been a drop of approximately -12.55%. Over the course of the year, Micron Technology Inc shares have jumped approximately 16.22%. 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 $101.13, while a 200-day SMA reached $109.21. Nevertheless, trading volume fell to 18.01 million shares from 18.42 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 97.73, which, if violated, would cause prices to drop to 96.28. In the upper region, resistance lies at 101.46. The next price resistance is at 103.74. RSI (Relative Strength Index) is 41.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.24, which suggests the price will decrease in the coming days. Percent R is at 96.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
