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Why should you keep an eye on Micron Technology Inc. (MU)?

Micron Technology Inc. (NASDAQ: MU) is 46.25% higher on its value in year-to-date trading and has touched a low of $60.50 and a high of $130.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MU stock was last observed hovering at around $123.00 in the last trading session, with the day’s gains setting it 1.81%.

Currently trading at $124.81, the stock is 8.47% and 11.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.27 million and changing 1.47% at the moment leaves the stock 47.50% off its SMA200. MU registered 104.88% gain for a year compared to 6-month gain of 65.62%.

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The stock witnessed a 2.83% loss in the last 1 month and extending the period to 3 months gives it a 53.08%, and is 4.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 3.33% over the month.

Micron Technology Inc. (MU) has around 43000 employees, a market worth around $138.21B and $18.31B in sales. Fwd P/E is 16.00. Profit margin for the company is -20.57%. Distance from 52-week low is 106.30% and -4.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.51%).

The EPS is expected to grow by 117.80% this year.

Micron Technology Inc. (MU) Top Institutional Holders

The shares outstanding are 1.11B, and float is at 1.10B with Short Float at 2.42%.

Micron Technology Inc. (MU) Insider Activity

The most recent transaction is an insider sale by Sadana Sumit,the company’sEVP and Chief Business Officer. SEC filings show that Sadana Sumit sold 12,000 shares of the company’s common stock on May 13 ’24 at a price of $123.01 per share for a total of $1.48 million. Following the sale, the insider now owns 0.22 million shares.

Micron Technology Inc. disclosed in a document filed with the SEC on May 10 ’24 that BHATIA MANISH H (EVP, Global Operations) sold a total of 40,650 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $120.89 per share for $4.91 million. Following the transaction, the insider now directly holds 0.28 million shares of the MU stock.

Still, SEC filings show that on May 10 ’24, Sadana Sumit (EVP and Chief Business Officer) disposed off 34,792 shares at an average price of $120.57 for $4.19 million. The insider now directly holds 230,048 shares of Micron Technology Inc. (MU).

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