Micron Technology Inc. (MU): Year-To-Date Performance Stood at -6.30%

RBC Capital Mkts declared it was Reiterated coverage of Micron Technology Inc. in a research note on June 30, 2020. The analysts assigned an Outperform rating to the stock with a price target of $60. Raymond James rated the stock as a Strong buy in a research noted published on June 30, 2020. Piper Sandler rated the stock as a Neutral in a research note published on June 30, 2020.

ARNZEN APRIL S, the SVP, Human Resources of Micron Technology Inc., sold 25739.0 shares at the valuation of $50.07 during an exchange that occurred on Jul 01, which implies that ARNZEN APRIL S is holding 73,054 shares at the estimation of $1,288,785 dependent on the most recent closing price.

In another transaction, on Jun 30, EVP, Technology Development of Micron Technology Inc., Deboer Scott J, sold 10000.0 shares at the price of $51.79. After this activity, Deboer Scott J now keeps 128,368 shares of Micron Technology Inc., esteemed at $517,900 with the most recent shutting price.

MU Recent Trade

The share price of MU ascended by $0.3 during the exchanging session on 07/29/20 to exchange at $50.39. Micron Technology Inc. stock has an exchanging volume of 14.71 million shares, which is low, contrasted with its 3-months average volume of 22.38M shares. Its market capitalization has now reached to $58.92B and analysts have a consensus target price of $65.11 in the 12-month period.

MU Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, MU price has dropped by -2.44%. In the course of past three months sees the stock go up around 1.12%, while it has lost -8.88% over the past six months and -6.30% since the start of the year.

MU Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Aug 2020), the firm recorded a revenue of 5.44 billion, which was lesser than the gauge of 5.98B made by certain experts. For that equivalent quarter, Micron Technology Inc. posted $0.82 earnings per share (EPS) which was above the consensus estimate of $0.77 by $0.05, which represents to an expansion by 6.50%.

MU Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Micron Technology Inc. has seen its stock exchanging -8.08% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +18.54% above its three-month low. A more extensive look sees MU exchanging -17.65% beneath its 52-week high and 61.87% above from its 52-week low price.

MU Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 2.99%, while it has a month to month instability of 2.94%. The Firm has an ATR (Average True Range) of 1.68 and a beta factor of 1.51.

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