Large Outflow of Money Witnessed in Micron Technology

Micron Technology (MU) : The total money flow in Micron Technology (MU) was negative ($4.58 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $41.19 million. In comparison, the inflow of money into the stock on upticks was $36.61 million. The uptick to downtick ratio was 0.89. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $11.5 million. The value of transactions on uptick was $11.91 million. The negative money flow of ($0.41 million) confirms the selling in Micron Technology (MU) on strength. The uptick to downtick ratio of block trades was 1.04. Micron Technology (MU) gained $0.61 at $13.25, a gain of 4.79% over the previous days close. However, the stock registered 4.95% in the week.


The company Insiders own 0.85% of Micron Technology shares according to the proxy statements. Institutional Investors own 82.46% of Micron Technology shares. In an insider trading activity, The Securities and Exchange Commission has divulged that Shirley Brian, officer (VP Memory Solutions) of Micron Technology Inc, had unloaded 48,750 shares at an average price of $12.37 in a transaction dated on July 5, 2016. The total value of the transaction was worth $603,038.

Shares of Micron Technology, Inc. rose by 11.08% in the last five trading days and 8.98% for the last 4 weeks. Micron Technology, Inc. is up 30.09% in the last 3-month period. Year-to-Date the stock performance stands at -6.57%.

Micron Technology (NASDAQ:MU): stock turned positive on Tuesday. Though the stock opened at $13, the bulls momentum made the stock top out at $13.455 level for the day. The stock recorded a low of $12.98 and closed the trading day at $13.23, in the green by 4.67%. The total traded volume for the day was 35,226,755. The stock had closed at $12.64 in the previous days trading.

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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