Micron Technology Inc’s filing revealed that its EVP and Chief People Officer ARNZEN APRIL S unloaded Company’s shares for reported $1.44 million on Mar 25 ’25. In the deal valued at $96.18 per share,15,000 shares were sold. As a result of this transaction, ARNZEN APRIL S now holds 164,769 shares worth roughly $10.8 million.
Then, ARNZEN APRIL S bought 15,000 shares, generating $1,442,000 in total proceeds.
Before that, RAY MICHAEL CHARLES sold 6,525 shares. Micron Technology Inc shares valued at $652,500 were divested by the SVP, Chief Legal Officer at a price of $100.00 per share. As a result of the transaction, RAY MICHAEL CHARLES now holds 92,437 shares, worth roughly $6.06 million.
China Renaissance downgraded its Micron Technology Inc [MU] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering MU and reiterated its “Buy” recommendation on December 19, 2024. BofA Securities revised its rating on December 19, 2024. It rated MU as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MU
On Tuesday, Micron Technology Inc [NASDAQ:MU] saw its stock fall -4.14% to $65.54. Over the last five days, the stock has lost -26.12%. Micron Technology Inc shares have fallen nearly -22.12% since the year began. Nevertheless, the stocks have fallen -46.97% over the past one year. While a 52-week high of $157.54 was reached on 01/22/25, a 52-week low of $61.54 was recorded on 04/07/25. SMA at 50 days reached $92.28, while 200 days put it at $101.21.
Levels Of Support And Resistance For MU Stock
The 24-hour chart illustrates a support level at 61.72, which if violated will result in even more drops to 57.89. On the upside, there is a resistance level at 71.17. A further resistance level may holdings at 76.79. The Relative Strength Index (RSI) on the 14-day chart is 27.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.73%. Stochastics %K at 9.07% indicates the stock is a buying.
How much short interest is there in Micron Technology Inc?
A steep rise in short interest was recorded in Micron Technology Inc stocks on 2025-03-14, dropping by -7.06 million shares to a total of 30.82 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 37.87 million shares. There was a decline of -22.9%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 28, 2024 when China Renaissance began covering the stock and recommended ‘”a Buy”‘ rating along with a $148 price target.
