Micron Technology (MU) : The money flow analysis of Micron Technology (MU) indicates a $4.64 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $12 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.59 and so was the total money flow at $7.37 million. A solid up-down ratio of 18.21 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $6.74 million worth of block trades on upticks. Only $0.37 million worth of the stock exchanged hands on downticks. The money flow was $6.37 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Micron Technology (MU), pushing it down by -0.12% for the day. The stock slid $0.02 and traded at $16.62 during the day. Nonetheless, the stock is 0.67% over the previous weeks close.
The company Insiders own 0.85% of Micron Technology shares according to the proxy statements. Institutional Investors own 82.52% of Micron Technology shares.
In a related news,The officer (VP Technology Development) of Micron Technology Inc, Deboer Scott J sold 31,500 shares at $17.05 on August 29, 2016. The Insider selling transaction had a total value worth of $537,075. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Micron Technology (NASDAQ:MU): The stock opened at $16.96 and touched an intraday high of $16.97 on Friday. During the day, the stock corrected to an intraday low of $16.57, however, the bulls stepped in and pushed the price higher to close in the green at $16.7 with a gain of 0.36% for the day. The total traded volume for the day was 16,099,536. The stock had closed at $16.64 in the previous trading session.
Micron Technology (MU) : Traders are bullish on Micron Technology (MU) as it has outperformed the S&P 500 by a wide margin of 15.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.64%, 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 1.15% in the last 1 week, and is up 15.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.