Micron insiders have sold more than $100 million in company stock over the past 24 months, and they're not slowing down.
Micron Technology, Inc. has delivered over 5x returns since coverage began last September. Acceleration in both top- and bottom-line results underpins continued bullish momentum for MU. AI-driven markets remain a key catalyst, and MU stock is still attractively valued if demand holds.
A July 6 filing with the Securities and Exchange Commission (SEC) revealed that, on the first day of the month, the memory giant Micron (NASDAQ: MU) saw its biggest insider stock sale of 2026 and, indeed, one of the biggest on record.
Micron stock (NASDAQ: MU) has fallen roughly 22% from its record high, sliding to around $985 on Monday after touching an all-time high near $1,255. The drop looks jarring because the memory-chip maker only recently posted record quarterly results and upbeat guidance.
Micron trades at ~13x FY1 and ~6–7x FY2 earnings, implying peak-cycle normalization despite structural AI demand shifts. $22B customer deposits and SCAs create pricing floors absent in prior memory cycles, reducing downside amplitude risk. HBM integration shifts memory from commodity pricing to design-win economics tied to accelerator architecture lock-in.
Recent intraday volatility wiped $137 billion across top memory equities, triggering premature retail investor panic over an impending artificial intelligence (AI) hardware supply glut. The brutal sell-off hit the semiconductor sector after an extended run, prompting many market participants to question whether the memory boom had stretched too far and too fast.
Micron Technology (NASDAQ:MU | MU Price Prediction) closed at $1,007.49 on July 6, 2026, up 3.27% on the day from Thursday's $975.56 close.
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DRAM makers have arguably been the in the hottest corner of the semi trade so far this year, and while a wave of increased volatility has made the names tough to buy on weakness, there is a great debate surrounding whether or not DRAM is experiencing structural demand as AI compute demands continues going off the charts with new applications (many of which may be highly monetizable) coming online in the coming months and quarters, all while firms look to get their orders in way in advance.
Micron stock price has plunged and entered a local bear market after falling by over 22% from its all-time high. It slipped to $975 on Thursday, its lowest level since June 11, after a series of negative news.
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On Wednesday, June 24, Micron Technology reported what could only be described as a blowout fiscal Q3 '26, as revenue, operating income and EPS materially exceeded Street consensus. Capex is especially crucial to Micron as it is to all capital-intensive industries. The company guided fiscal Q4 '26 capex to $10 billion, versus the $7.8 billion in Q3 '26, which would put full-year capex close to $30 billion. Management guided to free cash flow in Q4 '26 to “increase substantially again”.