Large Outflow of Money Witnessed in Micron Technology

Micron Technology (MU) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($4.76 million) and the uptick to downtick ratio was 0.8. The transaction value on upticks was $18.55 million and on downticks, the transaction value was $23.3 million. In block trades, the transaction value of inflow done during uptick was $3.41 million. The transaction value of block trades during downticks was $3.53 million. The uptick to downtick block trade ratio was 0.97. The money flow was negative ($0.12 million), indicating the traders were booking profit on the price strength. Micron Technology (MU) rose $0.18 at $13.31, during intraday Monday , a rise of 1.36% over the previous days close.


Micron Technology, Inc. is up 22.5% in the last 3-month period. Year-to-Date the stock performance stands at -5.79%. Shares of Micron Technology, Inc. rose by 5.54% in the last five trading days and 11.63% for the last 4 weeks. In a related news, The officer (VP Memory Solutions), of Micron Technology Inc, Shirley Brian had unloaded 48,750 shares at $12.37 per share in a transaction on July 5, 2016. The total value of transaction was $603,038. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Micron Technology (NASDAQ:MU): stock turned positive on Monday. Though the stock opened at $13.25, the bulls momentum made the stock top out at $13.36 level for the day. The stock recorded a low of $13.09 and closed the trading day at $13.34, in the green by 1.60%. The total traded volume for the day was 17,180,502. The stock had closed at $13.13 in the previous days trading.

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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