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

Micron Technology (NASDAQ:MU) During the most recent session, the shares traded at 0.39 points or 3.13% higher at $12.71. The money flow data is unimpressive with the net money flow value of $(-6.86) million. As per the intraday data, the upticks measured $37.81 million and the downticks measured $44.67 million. As a result, the up/down ratio registered a value of 0.85. The shares have seen 4.14% price change for the week.A block trade also made an entry with $8.29 million flowing in through upticks while $10.16 million flew out through downticks. The block tradeoff had the up/down ratio of 0.82. The net money flow for this big transaction was $(-1.87) million.


The stock has recorded a 20-day Moving Average of 3.77% and the 50-Day Moving Average is 14.14%. The company shares have dropped 49.69% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $24.86 and one year low was seen on January 20, 2016 at $9.31. The 50-day moving average is $11.32 and the 200 day moving average is recorded at $11.6. S&P 500 has rallied 1.93% during the last 52-weeks.

Micron Technology (NASDAQ:MU): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.54 and $12.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.75, notching a gain of 3.49% for the day. The total traded volume was 25,060,548 . The stock had closed at $12.32 on the previous day.

Currently the company Insiders own 0.85% of Micron Technology shares according to the proxy statements. Institutional Investors own 82.53% of Micron Technology shares. During last six month period, the net percent change held by insiders has seen a change of 8.83%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Micron Technology Inc, Maddock Ernest E, had purchased 10,000 shares in a transaction dated on January 21, 2016. The transaction was executed at $10.69 per share with total amount equaling $106,900.

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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