In a filing, Micron Technology Inc revealed its SVP, Chief Legal Officer RAY MICHAEL CHARLES unloaded Company’s shares for reported $0.65 million on Mar 14 ’25. In the deal valued at $100.00 per share,6,525 shares were sold. As a result of this transaction, RAY MICHAEL CHARLES now holds 92,437 shares worth roughly $8.96 million.
Then, MICHAEL RAY bought 6,525 shares, generating $619,092 in total proceeds.
Before that, McCarthy Mary Pat sold 2,404 shares. Micron Technology Inc shares valued at $223,393 were divested by the Director at a price of $92.93 per share. As a result of the transaction, McCarthy Mary Pat now holds 27,358 shares, worth roughly $2.65 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 Monday, Micron Technology Inc [NASDAQ:MU] saw its stock jump 2.34% to $96.94. Over the last five days, the stock has lost -5.98%. Micron Technology Inc shares have risen nearly 15.19% since the year began. Nevertheless, the stocks have risen 0.72% over the past one year. While a 52-week high of $157.54 was reached on 01/22/25, a 52-week low of $83.54 was recorded on 01/02/25. SMA at 50 days reached $96.64, while 200 days put it at $104.37.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 95.37, which if violated will result in even more drops to 93.81. On the upside, there is a resistance level at 98.46. A further resistance level may holdings at 99.99. The Relative Strength Index (RSI) on the 14-day chart is 50.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.94%. Stochastics %K at 65.82% indicates the stock is a holding.
How much short interest is there in Micron Technology Inc?
A steep rise in short interest was recorded in Micron Technology Inc stocks on 2025-02-28, dropping by -6.29 million shares to a total of 32.0 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 38.29 million shares. There was a decline of -19.65%, which implies that there is a negative sentiment for the stock.
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.
