Micron Technology (MU) stock had a bullish inflow of $80.61 million worth of trades on uptick and an outflow of $55.62 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.45. The net money flow into the stock was $24.99 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $21.54 million. An inflow of $5.94 million block trade was recorded on downticks. $27.48 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 4.62 in favor of the bulls. However, Micron Technology (MU) stock traded down $0.17 , and reached $16.74, a drop of -1.01% over the previous day. On a weekly basis, the stock is 1.39%, over the previous weeks close.
Also, Nomura maintains its view on Micron Technology (NASDAQ:MU) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Nomura raises the price target from $16 per share to $20 per share on Micron Technology . The rating by the firm was issued on August 25, 2016.
Shares of Micron Technology, Inc. rose by 3.46% in the last five trading days and 23.45% for the last 4 weeks. Micron Technology, Inc. is up 27.88% in the last 3-month period. Year-to-Date the stock performance stands at 18.22%.
Micron Technology (NASDAQ:MU): The stock opened at $17.00 on Tuesday but the bulls could not build on the opening and the stock topped out at $17.01 for the day. The stock traded down to $16.51 during the day, due to lack of any buying support eventually closed down at $16.74 with a loss of -1.01% for the day. The stock had closed at $16.91 on the previous day. The total traded volume was 23,620,941 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.