Monday, October 23, 2017 10:15 PM ET
Insider Sale at Micron Technology (MU) Continues Selling Trend
There was a notable sale of shares of Micron Technology by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Scott J Deboer, Officer — disposed of 39,784 shares in the company having a market value of approximately $1,666,484. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 3,400 company shares and the disposition of 45,327 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 81,711 shares and have averaged 14,752 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Micron Technology is above its 77-company peer group average. The Semiconductors peer group saw 182 buy/sell trades during this period for an average of 2.4 transactions per company. However, the number of shares traded per transaction by Micron Technology insiders is lower than its peers. Within the peer group there were 187,030 shares purchased and 57,341,285 shares sold with company insiders disposing of 314,034 shares on average over this time period.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.
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