Shares of Micron Technology (MU) Sees Large Outflow of Money

Micron Technology (MU) : The total negative money flow of $19.57 million on Thursday indicates selling on strength. The inflow of money on upticks was $61.77 million, compared to $81.34 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.76. The negative money flow of $11.37 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $10.61 million in a block trade.The transaction value of block trade on downtick was $21.98 million. The uptick to downtick ratio was 0.48. The price action in the Micron Technology (MU) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $12.2 with a gain of $0.47 , a change of 4.01% over the previous days close. The stock registered -2.4% for the week.


Micron Technology (MU) : The most positive equity analysts on Micron Technology (MU) expects the shares to touch $19, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $15.25 with an expected fluctuation of $2.74 from the mean. The stock has recorded a 20-day Moving Average of 2.68% and the 50-Day Moving Average is 4.67%.

Micron Technology (NASDAQ:MU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.90 and $11.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.20, notching a gain of 4.01% for the day. The total traded volume was 33,457,144 . The stock had closed at $11.73 on the previous day.

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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