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 $2,304,700 were purchased by Deboer Scott J on Jan 30 ’25. At $100.00 per share, Deboer Scott J acquired 23,047 shares.
Also, ALLEN SCOTT R. sold 5,000 shares, netting a total of over 508,800 in proceeds. Following the sale of shares at $101.76 each, the insider now holds 54,518 shares.
Before that, SCOTT ALLEN had added 5,000 shares to its account. In a trade valued at $508,780, the Officer bought Micron Technology Inc shares for $101.76 each.
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 5.16%. Over the course of the year, Micron Technology Inc shares have jumped approximately 11.22%. 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 $97.48, while a 200-day SMA reached $108.32. Nevertheless, trading volume fell to 15.1 million shares from 12.83 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 91.33, which, if violated, would cause prices to drop to 89.06. In the upper region, resistance lies at 94.76. The next price resistance is at 95.92. RSI (Relative Strength Index) is 46.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.84, which suggests the price will decrease in the coming days. Percent R is at 74.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
