In a filing, Micron Technology Inc revealed its President and CEO MEHROTRA SANJAY unloaded Company’s shares for reported $0.69 million on Feb 18 ’25. In the deal valued at $105.29 per share,6,576 shares were sold. As a result of this transaction, MEHROTRA SANJAY now holds 579,202 shares worth roughly $57.25 million.
Then, MEHROTRA SANJAY sold 924 shares, generating $92,622 in total proceeds. Upon selling the shares at $100.24, the President and CEO now owns 585,778 shares.
Before that, Deboer Scott J sold 23,047 shares. Micron Technology Inc shares valued at $2,304,700 were divested by the EVP, CTO and Products Officer at a price of $100.00 per share. As a result of the transaction, Deboer Scott J now holds 208,666 shares, worth roughly $20.62 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 Friday, Micron Technology Inc [NASDAQ:MU] saw its stock fall -4.21% to $98.84. Over the last five days, the stock has gained 3.32%. Micron Technology Inc shares have risen nearly 17.44% since the year began. Nevertheless, the stocks have risen 22.46% over the past one year. While a 52-week high of $157.54 was reached on 01/22/25, a 52-week low of $79.94 was recorded on 01/02/25. SMA at 50 days reached $96.79, while 200 days put it at $107.55.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 96.51, which if violated will result in even more drops to 94.17. On the upside, there is a resistance level at 102.42. A further resistance level may holdings at 105.99. The Relative Strength Index (RSI) on the 14-day chart is 51.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.03%. Stochastics %K at 71.98% indicates the stock is a holding.
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.
