Micron Technology Inc’s filing revealed that its SVP, Worldwide Sales Bokan Michael W unloaded 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 sold. As a result of this transaction, Bokan Michael W now holds 179,032 shares worth roughly $17.46 million.
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Then, MICHAEL W. BOKAN bought 10,000 shares, generating $1,090,310 in total proceeds.
Before that, ARNZEN APRIL S sold 4,890 shares. Micron Technology Inc shares valued at $552,570 were divested by the EVP and Chief People Officer at a price of $113.00 per share. As a result of the transaction, ARNZEN APRIL S now holds 135,830 shares, worth roughly $13.24 million.
China Renaissance initiated its Micron Technology Inc [MU] rating to a Buy in a research note published on October 28, 2024; the price target was $148. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late September has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering MU and reiterated its “Buy” recommendation on September 19, 2024. Wells Fargo maintained its rating on September 18, 2024. It rated MU as “an Overweight”.
Price Performance Review of MU
On Monday, Micron Technology Inc [NASDAQ:MU] saw its stock jump 1.21% to $97.51. Over the last five days, the stock has lost -10.25%. Micron Technology Inc shares have risen nearly 14.26% since the year began. Nevertheless, the stocks have risen 27.18% over the past one year. While a 52-week high of $157.54 was reached on 06/18/24, a 52-week low of $72.93 was recorded on 02/20/24. SMA at 50 days reached $101.55, while 200 days put it at $109.32.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 96.00, which if violated will result in even more drops to 94.50. On the upside, there is a resistance level at 98.54. A further resistance level may holdings at 99.58. The Relative Strength Index (RSI) on the 14-day chart is 40.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.45%. Stochastics %K at 6.08% indicates the stock is a buying.
How much short interest is there in Micron Technology Inc?
A steep rise in short interest was recorded in Micron Technology Inc stocks on 2024-10-31, growing by 1.39 million shares to a total of 35.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 34.17 million shares. There was a rise of 3.9%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 16, 2024 when Morgan Stanley resumed its ‘”an Equal-weight”‘ rating for the stock and retained the price target to $100.
