Micron Technology (NASDAQ:MU) has climbed 0.49% in the past week and advanced 12.96% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.7% and the outperformance has advanced to 11.93% for the last 4 weeks period.
Micron Technology (NASDAQ:MU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.97 and $11.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.35. 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 2.09% for the day. The total traded volume was 20,604,243 . The stock had closed at $11.95 on the previous day.
The company shares have dropped -50.14% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $24.97 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.29 and the 200 Day Moving Average price is recorded at $11.72.
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.
Many analysts have stated their opinion on the company shares. Goldman Sachs maintains its rating on Micron Technology (NASDAQ:MU). The global brokerage major raises the current price target from $10 per share to $13 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on June 6, 2016. 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%.
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.