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Micron CEO Sells 40,000 Shares Worth $MU Million: Warning Signal or Simply Profit-Taking?
Sanjay Mehrotra, CEO and Chairman of Micron Technology, is back in the spotlight after a large share sale. Based on the figures circulating, 40,000 MU shares were sold at an average price of around $968.90 per share, generating a transaction value of approximately $38.76 million.
The figure certainly looks astonishing.
But for investors, the more important question is not simply “The CEO is selling shares?”
The question is:
“Why sell now, when Micron’s business is actually in a phase of very strong growth