In a filing, Micron Technology Inc revealed its CVP, Chief Accounting Officer ALLEN SCOTT R. unloaded 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 sold. As a result of this transaction, ALLEN SCOTT R. now holds 54,518 shares worth roughly $5.31 million.
Then, SCOTT ALLEN bought 5,000 shares, generating $508,780 in total proceeds.
Before that, ARNZEN APRIL S sold 4,890 shares. Micron Technology Inc shares valued at $416,677 were divested by the EVP and Chief People Officer at a price of $85.21 per share. As a result of the transaction, ARNZEN APRIL S now holds 181,223 shares, worth roughly $17.64 million.
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 2.42% to $97.36. Over the last five days, the stock has lost -1.91%. Micron Technology Inc shares have risen nearly 15.68% since the year began. Nevertheless, the stocks have risen 16.75% 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 $99.10, while 200 days put it at $110.15.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 96.02, which if violated will result in even more drops to 94.69. On the upside, there is a resistance level at 98.05. A further resistance level may holdings at 98.75. The Relative Strength Index (RSI) on the 14-day chart is 51.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.41%. Stochastics %K at 58.78% 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.
