Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Micron Technology Inc shares valued at $508,800 were sold by ALLEN SCOTT R. on Jan 07 ’25. At $101.76 per share, ALLEN SCOTT R. sold 5,000 shares. The insider’s holdings dropped to 54,518 shares worth approximately $5.96 million following the completion of this transaction.
Also, SCOTT ALLEN purchased 5,000 shares, netting a total of over 508,780 in proceeds.
Before that, ARNZEN APRIL S had sold 4,890 shares from its account. In a trade valued at $416,677, the EVP and Chief People Officer traded Micron Technology Inc shares for $85.21 each. Upon closing the transaction, the insider’s holdings decreased to 4,890 shares, worth approximately $19.79 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 surge of approximately 12.19%. Over the course of the year, Micron Technology Inc shares have jumped approximately 29.79%. Shares of the company reached a 52-week high of $110.67 on 01/22/25 and a 52-week low of $84.74 on 01/02/25. A 50-day SMA is recorded $99.34, while a 200-day SMA reached $109.71. Nevertheless, trading volume fell to 19.52 million shares from 23.53 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 107.77, which, if violated, would cause prices to drop to 106.31. In the upper region, resistance lies at 110.68. The next price resistance is at 112.13. RSI (Relative Strength Index) is 63.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.27, which suggests the price will increase in the coming days. Percent R is at 5.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
