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.