Wall Street closes at a record for the first time since end of January
Sumit Sadana, Executive Vice President and Chief Business Officer at Micron Technology Inc (NASDAQ:MU), sold 24,000 shares of common stock on April 10, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The shares were sold at prices ranging from $421.00 to $421.865, resulting in a total transaction value of $10,112,400. Following the transaction, Sadana directly owns 224,021 shares of Micron Technology.The insider sale comes as Micron shares trade at $465.42, near their 52-week high of $471.34, following a remarkable 557% gain over the past year. According to InvestingPro analysis, the stock remains undervalued relative to its Fair Value, placing it among opportunities on the most undervalued stocks list. The semiconductor giant carries a market capitalization of $522.7 billion.
In other recent news, Micron Technology has been the focus of multiple analyst updates and industry developments. Lynx Equity increased its price target for Micron to $825, highlighting extended capacity sell-outs and improved revenue visibility through 2027. UBS also raised its price target to $535, maintaining a Buy rating, as it observed strengthening memory pricing for DRAM and NAND, with active negotiations for long-term agreements. KeyBanc reiterated an Overweight rating and a $600 price target, emphasizing improved long-term supply agreements with hyperscale customers that include pricing floors and upfront payments. However, Erste Group downgraded Micron to Hold, citing concerns over reduced free cash flow due to high capital investments, despite Micron’s revenue guidance of $109 billion for the 2026 financial year. Meanwhile, BTIG noted the launch of a new DRAM ETF as a contrarian sell signal, suggesting that the memory trade might be in its final stages after a significant rise in the GS TMT Memory Exposed Index. These recent developments reflect a complex landscape for Micron, with varied analyst perspectives and market signals.
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