Insiders At Micron Technology Sold US$16m In Stock, Alluding To Potential Weakness

Many Micron Technology, Inc. (NASDAQ:MU) insiders ditched their stock over the past year, which may be of interest to the company’s shareholders. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, if numerous insiders are selling, shareholders should investigate more.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether. Check out our latest analysis for Micron Technology Micron Technology Insider Transactions Over The Last YearIn the last twelve months, the biggest single sale by an insider was when the Executive VP & Chief Business Officer, Sumit Sadana, sold US$5.6m worth of shares at a price of US$123 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It’s of some…