Shares of Micron Technology (MU) Sees Large Inflow of Net Money Flow

Micron Technology (MU) : Investors lapped up stocks on upticks to the tune of $148.62 million in the Wednesdays trading session. The trading value on downticks was comparatively at $122.33 million and the uptick to downtick ratio of 1.21 indicates continuous buying by the bulls. The net money flow into the stock was $26.28 million. The block trades were dominated by the bulls with a healthy 1.69, uptick to downtick ratio. Only $22 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $37.28 clearly indicating buying by large investors. The total money flow for block trades stood at $15.28 million, which is a positive for the stock in the long-term. Micron Technology (MU) fell $0.56 during the day at $17.44, a drop of -3.11% over the previous days close. However, for the week, the stock is -0.23%, compared to the previous week.


Micron Technology, Inc. has dropped 1.25% in the last five trading days, however, the shares have posted positive gains of 3.13% in the last 4 weeks. Micron Technology, Inc. is up 32.22% in the last 3-month period. Year-to-Date the stock performance stands at 23.16%.

Micron Technology (MU) : 16 analysts are covering Micron Technology (MU) and their average rating on the stock is 2.09, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Micron Technology (MU) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Micron Technology (NASDAQ:MU): stock was range-bound between the intraday low of $17.15 and the intraday high of $18.16 after having opened at $18.16 on Wednesdays session. The stock finally closed in the red at $18.16, a loss of -3.11%. The stock remained in the red for the whole trading day. The total traded volume was 42,714,601 shares. The stock failed to cross $18.16 in Wednesdays trading. The stocks closing price on Thursday was $18.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *