Large Outflow of Money Witnessed in Micron Technology

Micron Technology (NASDAQ:MU) managed to stay afloat and traded higher with an addition of 0.02 point or 0.12% at $12.16. The money flow data is a negative $(-7.78) million with $13.86 million in upticks and $21.64 million in downticks. The intraday up/down ratio came in at 0.64. The shares have seen -5.48% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $2.49 million and the combined worth of the downticks was $6.91, Million, leading to the up/down ratio of 0.36. The block trade saw a net money flow of $(-4.42) million.


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, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Micron Technology Inc, Maddock Ernest E had purchased shares worth of $106,900 in a transaction dated on January 21, 2016. A total of 10,000 shares were purchased at a price of $10.69 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Micron Technology (NASDAQ:MU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.74% at $12.05 with 15,570,211 shares getting traded. Post opening the session at $12, the shares hit an intraday low of $11.94 and an intraday high of $12.355 and the price was in this range throughout the day. The company has a market cap of $12,496 million and the number of outstanding shares have been calculated to be 1,037,043,110 shares. The 52-week high of Micron Technology (NASDAQ:MU) is $24.97 and the 52-week low is $9.31.

Many analysts have stated their opinion on the company shares. Brokerage firm Goldman Sachs maintains its rating on Micron Technology (NASDAQ:MU). As per the latest information, the brokerage house raises the price target to $13 per share from a prior target of $10. The shares have been rated Neutral. The rating by the firm was issued on June 6, 2016.

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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