The SVP, Legal Affairs, General of Micron is Exercising Options

Today it was reported that the SVP, Legal Affairs, General of Micron (MU), Joel Poppen, exercised options to sell 20,210 MU shares at $19.29 a share, for a total transaction value of $837.7K.

Following Joel Poppen’s last MU Sell transaction on July 02, 2014, the stock climbed by 8.1%. In addition to Joel Poppen, one other MU executive reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

MU’s market cap is $46.25B and the company has a P/E ratio of 3.84. Currently, Micron has an average volume of 19.24M.

Based on 26 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $54.12, reflecting a 26.6% upside. Three different firms, including Citigroup and Morgan Stanley, currently also have a Sell rating on the stock.

The insider sentiment on Micron has been negative according to 46 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU).

Read More on MU:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts