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These Numbers Show Favorable Signs for Micron Technology Inc. (MU)

Micron Technology Inc. (NASDAQ: MU) is 53.67% higher on its value in year-to-date trading and has touched a low of $60.58 and a high of $157.54 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 $130.69 in the last trading session, with the day’s gains setting it 0.45%.

Currently trading at $131.14, the stock is -4.99% and 1.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.94 million and changing 0.34% at the moment leaves the stock 35.56% off its SMA200. MU registered 116.22% gain for a year compared to 6-month gain of 57.15%.

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The stock witnessed a 0.82% loss in the last 1 month and extending the period to 3 months gives it a 6.66%, and is -0.29% down 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 3.27% over the week and 3.81% over the month.

Micron Technology Inc. (MU) has around 43000 employees, a market worth around $145.41B and $21.37B in sales. Fwd P/E is 13.60. Profit margin for the company is -7.20%. Distance from 52-week low is 116.47% and -16.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.67%).

The EPS is expected to grow by 127.56% 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 2.63%.

Micron Technology Inc. (MU) Insider Activity

The most recent transaction is an insider sale by ARNZEN APRIL S,the company’sEVP and Chief People Officer. SEC filings show that ARNZEN APRIL S sold 4,890 shares of the company’s common stock on Jun 27 ’24 at a price of $135.86 per share for a total of $0.66 million. Following the sale, the insider now owns 0.14 million shares.

Micron Technology Inc. disclosed in a document filed with the SEC on Jun 18 ’24 that MEHROTRA SANJAY (CEO and President) sold a total of 34,284 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $152.28 per share for $5.22 million. Following the transaction, the insider now directly holds 0.72 million shares of the MU stock.

Still, SEC filings show that on Jun 12 ’24, MEHROTRA SANJAY (CEO and President) disposed off 30,000 shares at an average price of $140.00 for $4.2 million. The insider now directly holds 719,049 shares of Micron Technology Inc. (MU).

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