Micron Technology Inc (MU) Files Form 4 Insider Selling : Brian Shirley Sells 48,750 Shares

Micron Technology Inc (MU): Brian Shirley , VP Memory Solutions of Micron Technology Inc sold 48,750 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 7, 2016 to the Securities and Exchange Commission. The shares were sold at $12.37 per share for a total value of $603,047.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 25, 2016, Ernest E Maddock (CFO) purchased 10,000 shares at $10.69 per share price.On Jan 19, 2016, Joel L Poppen (VP Legal Affairs, Gen Counsel) sold 47,685 shares at $11.10 per share price.Also, On Jul 20, 2015, Robert L Bailey (director) sold 4,000 shares at $20.00 per share price.On Jun 11, 2015, Scott J Deboer (Vice President, R&D) sold 39,087 shares at $25.01 per share price.

Shares of Micron Technology (MU) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.59 points or -4.72% at $11.91 with 3,72,98,860 shares getting traded. Post opening the session at $12.38, the shares hit an intraday low of $11.8 and an intraday high of $12.45 and the price vacillated in this range throughout the day. The company has a market cap of $12,351 M and the number of outstanding shares has been calculated to be 1,03,70,43,110 shares. The 52-week high of Micron Technology is $20.57 and the 52-week low is $9.31.

Micron Technology Money Flow Index Chart

Company has been under the radar of several Street Analysts.Micron Technology is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 15 from a previous price target of $16 . The Rating was issued on Jul 1, 2016.Micron Technology is Upgraded by Nomura to Buy and the brokerage firm has raised the Price Target to $ 18 from a previous price target of $8 .Earlier the firm had a rating of Reduce on the company shares. The Rating was issued on Jun 23, 2016.Micron Technology is Upgraded by Susquehanna to Positive. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 23, 2016.Micron Technology is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $13 .The Rating was issued on Jun 8, 2016.Micron Technology is Upgraded by Robert W. Baird to Outperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 31, 2016.

Micron Technology Inc. is a global provider of semiconductor devices. Through the Company’s 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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