Shares of Micron Technology (MU) Sees Large Inflow of Net Money Flow

Micron Technology (MU) : Fridays money flow data in Micron Technology (MU) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $63.4 million, whereas, $28.81 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.2, in favor of the bulls. The total money flow into the stock was $34.59 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $35.39 million. The total value of block trades done on upticks was $40.92 million. The value of bearish trades on downticks was only $5.53 million.The up/down ratio in the block trades was a healthy 7.4 in favor of the bulls, suggesting strong buying in the stock by large traders. Micron Technology (MU) fell $0.05 and traded at $13.13, down -0.38% for the day, over previous days close. On a weekly basis, the shares are 0% over the previous weeks close.


Micron Technology (MU) : The highest short term price target forecast on Micron Technology (MU) is $19 and the lowest target price is $8. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $14.5 with a standard deviation of $3.31.

Micron Technology (NASDAQ:MU): On Fridays trading session , Opening price of the stock was $13.21 with an intraday high of $13.23. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.015. However, the stock managed to close at $13.13, a loss of 0.38% for the day. On the previous day, the stock had closed at $13.18. The total traded volume of the day was 18,755,858 shares.

In a related news,The officer (VP Memory Solutions) of Micron Technology Inc, Shirley Brian sold 48,750 shares at $12.37 on July 5, 2016. The Insider selling transaction had a total value worth of $603,038. The Insider information was disclosed with 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.