Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Micron Technology Inc shares valued at $223,393 were sold by McCarthy Mary Pat on Mar 03 ’25. At $92.93 per share, McCarthy Mary Pat sold 2,404 shares. The insider’s holdings dropped to 27,358 shares worth approximately $2.6 million following the completion of this transaction.
Also, MARY PAT MCCARTHY purchased 4,808 shares, netting a total of over 450,173 in proceeds.
Before that, MEHROTRA SANJAY had sold 6,576 shares from its account. In a trade valued at $692,364, the President and CEO traded Micron Technology Inc shares for $105.29 each. Upon closing the transaction, the insider’s holdings decreased to 6,576 shares, worth approximately $54.95 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 6.28%. Over the course of the year, Micron Technology Inc shares have jumped approximately 12.74%. 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 $95.54, while a 200-day SMA reached $105.36.
Support And Resistance Levels for Micron Technology Inc (MU)
According to the 24-hour chart, there is a support level at 93.21, which, if violated, would cause prices to drop to 91.55. In the upper region, resistance lies at 97.33. The next price resistance is at 99.79. RSI (Relative Strength Index) is 50.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.57, which suggests the price will decrease in the coming days. Percent R is at 38.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
