MU is trading at $389.30 (-7.19%) as the stock retreats from yesterday's $419.44 close due to profit-taking and a broader tech sell-off.
- An insider filing to sell 25,000 shares has added to investor caution, while unusual put options activity suggests increased hedging ahead of March earnings.
- The semiconductor sector is under pressure with the NASDAQ down 0.75% as investors rotate to value stocks amid hawkish Fed expectations.