Micron Technology, Inc. (NASDAQ:MU) CEO Sanjay Mehrotra Sells 7,000 Shares

Micron Technology, Inc. is a semiconductor equipment manufacturer headquartered in Boise, Idaho, United States. The company operates in three segments: Memory, Semiconductor Equipment, and Other.

On February 27th, CEO Sanjay Mehrotra sold 7,000 shares of Micron Technology stock at an average price of $91.54 per share. This transaction resulted in a total value of $640,780.00. After the sale, Mehrotra owns 788,557 shares of the company's stock.

It is important to note that insider trading regulations require that executives and other insiders disclose their transactions with the company's stock to the Securities and Exchange Commission (SEC) and the public. This information allows investors to make informed decisions about buying or selling the stock.

In addition, it is worth noting that Mehrotra has been CEO of Micron Technology since 2014. Under his leadership, the company has experienced significant growth and expansion, particularly in the memory market. In recent years, Micron has invested heavily in research and development to develop new technologies and products, including advanced memory solutions for data centers and artificial intelligence (AI) applications.

Overall, while Mehrotra's stock sale may have an impact on the company's stock price, it is important to consider the broader context of Micron Technology's business and growth prospects.