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Micron Technology Inc. (NASDAQ:MU) shares fell in early trading Wednesday. The decline follows a period of intense bullish momentum.
Investors Lock In Profits
The semiconductor giant saw its stock surge over 40% in just two weeks. This included a 9.17% gain during Tuesday’s session. Traders appear to be booking profits following these record highs.
Insider Trading Activity
A Tuesday regulatory filing showed EVP and Chief Business Officer Sumit Sadana sold 24,000 shares at $421.35 each, for proceeds of about $10.11 million, while retaining a substantial direct stake in the company.
Macro Headwinds and Volatility
Market participants remain wary of …
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