Shares of Micron Technology (MU) Rally 4.04%

Micron Technology (MU) : Traders are bullish on Micron Technology (MU) as it has outperformed the S&P 500 by a wide margin of 3.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.04% in the last 1 week, and is up 7.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.07% and the 50-Day Moving Average is 10.59%.

Micron Technology (NASDAQ:MU): The stock opened at $13.31 on Friday but the bulls could not build on the opening and the stock topped out at $13.50 for the day. The stock traded down to $13.04 during the day, due to lack of any buying support eventually closed down at $13.13 with a loss of -1.20% for the day. The stock had closed at $13.29 on the previous day. The total traded volume was 18,046,227 shares.


The company Insiders own 0.85% of Micron Technology shares according to the proxy statements. Institutional Investors own 82.34% of Micron Technology shares. 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, 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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