After Shares Surged 84% in a Month, Micron's CEO Just Sold $38 Million of Stock. Should Investors Be Worried?
Micron stock has been rallying over the last month, and the company recently joined the trillion-dollar club.
After Shares Surged 84% in a Month, Micron's CEO Just Sold $38 Million of Stock. Should Investors Be Worried?
Overview
According to a pair of recent Form 4 filings with the Securities and Exchange Commission (SEC), Micron Technology (NASDAQ: MU) CEO Sanjay Mehrotra just sold nearly 40,000 shares of stock worth approximately $38 million.
Given Micron stock's explosive recent performance and entrance into the trillion-dollar club, plus quarterly earnings scheduled for June 24, the timing of Mehrotra's stock sale might appear to be a red flag.
Image source: Micron Technology.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
