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 $652,500 were sold by RAY MICHAEL CHARLES on Mar 14 ’25. At $100.00 per share, RAY MICHAEL CHARLES sold 6,525 shares. The insider’s holdings dropped to 92,437 shares worth approximately $9.52 million following the completion of this transaction.
Also, MICHAEL RAY purchased 6,525 shares, netting a total of over 619,092 in proceeds.
Before that, McCarthy Mary Pat had sold 2,404 shares from its account. In a trade valued at $223,393, the Director traded Micron Technology Inc shares for $92.93 each. Upon closing the transaction, the insider’s holdings decreased to 2,404 shares, worth approximately $2.82 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 8.56%. Over the course of the year, Micron Technology Inc shares have jumped approximately 22.39%. 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 $96.84, while a 200-day SMA reached $104.69.
Support And Resistance Levels for Micron Technology Inc (MU)
According to the 24-hour chart, there is a support level at 101.34, which, if violated, would cause prices to drop to 99.67. In the upper region, resistance lies at 104.68. The next price resistance is at 106.35. RSI (Relative Strength Index) is 58.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.86, which suggests the price will increase in the coming days. Percent R is at 8.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
