Insider Selling: Micron Technology VP Sells 26,750 Shares of Stock (MU)
Micron Technology (NYSE:MU) VP Scott Deboer sold 26,750 shares of Micron Technology stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $18.60, for a total value of $497,550.00. Following the completion of the transaction, the vice president now directly owns 256,218 shares in the company, valued at approximately $4,765,655. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MU. Analysts at Piper Jaffray Cos. raised their price target on shares of Micron Technology from $18.00 to $31.00 in a research note to investors on Wednesday. Separately, analysts at Citigroup Inc. raised their price target on shares of Micron Technology from $19.00 to $30.00 in a research note to investors on Monday. Finally, analysts at TheStreet upgraded shares of Micron Technology to a “buy” rating in a research note to investors on Friday, October 4th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.26.
Shares of Micron Technology (NYSE:MU) traded up 1.26% on Wednesday, hitting $18.15. 67,714,264 shares of the company’s stock traded hands. Micron Technology has a 52 week low of $5.16 and a 52 week high of $18.85. The stock has a 50-day moving average of $16.10 and a 200-day moving average of $12.97. The company’s market cap is $18.848 billion. Micron Technology also saw some unusual options trading activity on Monday. Stock traders bought 96,183 call options on the company. This is an increase of approximately 110% compared to the typical daily volume of 45,734 call options.
Micron Technology, Inc, is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
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