Shares of Micron Technology (MU) Sees Large Outflow of Money

Micron Technology (MU) : The value of composite uptick trades was $26.09 million, whereas, the value of composite downtick trades was $33.43 million. The uptick to downtick ratio stood at 0.78 with a negative money flow of ($7.34) Million during Thursdays trading session. The block trades money flow was negative ($4.64 million).The uptick to the downtick ratio of 0.6 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $7.04 million. The transaction of the trades on downticks amounted to $11.68 million, which confirms investors selling on the strength of price. Micron Technology (MU) gained 2 cents at $13.31, an increase of 0.15% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.85% and the 50-Day Moving Average is 12.5%. Shares have dropped -28.22% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $20.57 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.48 and the 200 Day Moving Average price is recorded at $11.43.

Micron Technology (NASDAQ:MU): The stock was completely flat for the day, closing at $13.29 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $13.50, the stock touched an intraday high of $13.55 and a low of $13.27. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $13.29. The total trading volume on Thursday was 18,698,912.

In an insider trading activity, The Securities and Exchange Commission has divulged that Shirley Brian, officer (VP Memory Solutions) of Micron Technology Inc, had unloaded 48,750 shares at an average price of $12.37 in a transaction dated on July 5, 2016. The total value of the transaction was worth $603,038.

Micron Technology, Inc. is a global provider of semiconductor devices. Through the Companys global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU), which includes DRAM and NOR Flash products; Mobile Business Unit (MBU), which includes DRAM, NAND Flash and NOR Flash products; Storage Business Unit (SBU), which includes NAND Flash components and Solid-State Drives (SSDs), cloud and removable storage markets. SBU also includes NAND Flash products, and Embedded Business Unit (EBU), which includes DRAM, NAND Flash and NOR Flash products.

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