Heavy Volume And Pre-Market Movement For Micron Technology (MU)

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Trade-Ideas LLC identified Micron Technology ( MU) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Micron Technology as such a stock due to the following factors:

  • MU has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $514.0 million.
  • MU traded 4.0 million shares today in the pre-market hours as of 8:08 AM, representing 15.8% of its average daily volume.

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More details on MU:

Micron Technology, Inc., together with its subsidiaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems. MU has a PE ratio of 8. Currently there are 21 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 3 rate it a hold.

The average volume for Micron Technology has been 22.1 million shares per day over the past 30 days. Micron Technology has a market cap of $26.5 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.42 and a short float of 6.2% with 2.52 days to cover. Shares are down 30.1% year-to-date as of the close of trading on Wednesday.

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