Micron Technology's executive sold $6,354,320.06 worth of stock, but the company's Q2 2024 earnings outperformed predictions, prompting a surge in its stock prices. As a result, Micron's stock is regarded as one of the top performers in the S&P 500 for the year. Also revealing an unusual options activity, it noted an executive selling a massive quantity of shares, which resulted in a 0.4% decrease in the stock's trading activity. However, Micron's stock was quick to bounce back, showing an impressive 4.2% increase amid speculations of it hitting $150. It also announced plans to invest $100B to elevate chip output, initiated construction of a new fab, and revealed a new product availability. Furthermore, insider trading led to market intrigue and a surge in the stock's prices.
Micron was upgraded from neutral to outperform by multiple firms, predicted a stock target of $150, and observed a considerable increase in stock purchases by firms like National Pension Service and Los Angeles Capital Management LLC. Sequential Q1 and Q2 fiscal results displayed an impressive performance. Analysts doubled down on the possibility of a breakout while investors are heavily inclined towards Micron. Despite a decrease owing to geopolitical tensions, Micron continues to bask in the glow of much investor attention and steady AI demand.
Micron Technology MU News Analytics from Sat, 03 Feb 2024 08:00:00 GMT to Fri, 10 May 2024 08:26:07 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -1
