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.
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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.
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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).
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