Micron Technology Inc’s filing revealed that its Officer SCOTT ALLEN acquired Company’s shares for reported $0.51 million on Jan 07 ’25. In the deal valued at $101.76 per share,5,000 shares were bought.
Then, ARNZEN APRIL S sold 4,890 shares, generating $416,677 in total proceeds. Upon selling the shares at $85.21, the EVP and Chief People Officer now owns 181,223 shares.
Before that, ARNZEN APRIL S bought 4,890 shares. Micron Technology Inc shares valued at $416,464 were divested by the Officer at a price of $85.17 per share.
TD Cowen reiterated its Micron Technology Inc [MU] rating to a Buy in a research note published on December 19, 2024; the price target was $125. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering MU and has decreased its forecast on December 19, 2024 with a “Neutral” recommendation from previously “Buy” rating. China Renaissance started covering the stock on October 28, 2024. It rated MU as “a Buy”.
Price Performance Review of MU
On Tuesday, Micron Technology Inc [NASDAQ:MU] saw its stock jump 2.67% to $101.91. Over the last five days, the stock has gained 19.46%. Micron Technology Inc shares have risen nearly 21.09% since the year began. Nevertheless, the stocks have risen 22.12% over the past one year. While a 52-week high of $157.54 was reached on 01/07/25, a 52-week low of $79.15 was recorded on 01/02/25. SMA at 50 days reached $99.81, while 200 days put it at $110.52.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 99.80, which if violated will result in even more drops to 97.69. On the upside, there is a resistance level at 105.38. A further resistance level may holdings at 108.85. The Relative Strength Index (RSI) on the 14-day chart is 57.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.54%. Stochastics %K at 47.27% 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 2024-11-29, dropping by -1.66 million shares to a total of 33.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 35.56 million shares. There was a decline of -4.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 26, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $135.
