I.$Micron Technology(MU.US)$ Sanjay Mehrotra's Selling Activity: Timeframe: January to June Shares Sold: 457,280 shares Cash Received: $52 million Average Price: $113.65 per share Share Price Movement: Micron's share price has surged nearly 64% this year, with Mehrotra's selling price rising from around 82 at the start of the year to approximately 152 in mid-June. Comparison to Last Year: Mehrotra's selling volume and proceeds have increased si...
RECAP Stocks traded in mixed directions Tuesday following a pullback that saw bond yields rise after comments from Federal Reserve Chairman Jerome Powell all but dashed hopes for an interest-rate cut in March. The Fed's Metser reiterated Powell's claim that lowering rates too soon was not an option, sending treasuries higher. The$S&P 500 Index(.SPX.US)$traded 0.23% higher, the$Dow Jones Industrial Average(.DJI.US)$rose just 0.37%, and ...
Stifel analyst Ruben Roy attributes the company's strong performance to gross margin upside, favorable operating leverage, and interest and dividend income. He notes a more than 100% revenue increase at its 800G line from the previous quarter.
U.S. chip stocks rose sharply in 2024, with the$S&P 500 Index(.SPX.US)$approaching record highs as AI optimism drove gains in$NVIDIA(NVDA.US)$and other chipmakers. Semiconductor stocks rose following the first major earnings report of the season from$Taiwan Semiconductor(TSM.US)$. The industry is closely monitoring chip demand, and TSMC forecasts a 20% increase in revenue for the year. Heavyweight chipmaker Nvidia has continued to set new high...