The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Micron Technology Inc shares valued at $416,677 were sold by ARNZEN APRIL S on Dec 20 ’24. At $85.21 per share, ARNZEN APRIL S sold 4,890 shares. The insider’s holdings dropped to 181,223 shares worth approximately $16.28 million following the completion of this transaction.
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Also, ARNZEN APRIL S purchased 4,890 shares, netting a total of over 416,464 in proceeds.
Before that, Bokan Michael W had sold 10,000 shares from its account. In a trade valued at $1,090,300, the SVP, Worldwide Sales traded Micron Technology Inc shares for $109.03 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $16.08 million.
As published in a research note from TD Cowen on December 19, 2024, Micron Technology Inc [MU] has been retained to a Buy and the price target has been revised to $125. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid December. As of December 19, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for MU. Earlier on October 28, 2024, China Renaissance initiated its rating. Their recommendation was “a Buy” for MU stock.
Analyzing MU Stock Performance
During the last five days, there has been a drop of approximately -13.55%. Over the course of the year, Micron Technology Inc shares have jumped approximately 5.25%. 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 $102.31, while a 200-day SMA reached $110.70. Nevertheless, trading volume fell to 14.38 million shares from 13.02 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 88.40, which, if violated, would cause prices to drop to 86.99. In the upper region, resistance lies at 90.93. The next price resistance is at 92.05. RSI (Relative Strength Index) is 39.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.37, which suggests the price will decrease in the coming days. Percent R is at 77.96%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
