Chairman and CEO of Micron Technology Inc. (MU) Steven R Appleton sells 120,000 shares of MU on 11/05/2010 at an average price of $8.48 a share.

Micron Technology Inc. has a market cap of $8.47 billion; its shares were traded at around $8.655 with a P/E ratio of 6.4 and P/S ratio of 1.

MU is in the portfolios of Ken Heebner of CAPITAL GROWTH MANAGEMENT LP, PRIMECAP Management, Paul Tudor Jones of The Tudor Group, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC, David Dreman of Dreman Value Management, Jeremy Grantham of GMO LLC.

This is the annual revenues and earnings per share of MU over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of MU.

CEO Recent Trades:

• Sell: Chairman and CEO Steven R Appleton sold 90,000 shares of MU stock on 11/01/2010 at the average price of 8.26. Steven R Appleton owns at least 2,207,459 shares after this. The price of the stock has increased by 4.78% since.


• Sell: Chairman, CEO, and President Steven R Appleton sold 23,385 shares of MU stock on 07/28/2010 at the average price of 8.45. Steven R Appleton owns at least 2,054,170 shares after this. The price of the stock has increased by 2.43% since.

This is the insider trade history vs. stock price of MU. For the complete insider trading history of MU, click here.

Directors and Officers Recent Trades:

• Sell: VP Worldwide Sales Mark Adams sold 100,000 shares of MU stock on 11/04/2010 at the average price of 8.56. Mark Adams owns at least 234,478 shares after this. The price of the stock has increased by 1.11% since.


• Sell: Director Robert L Bailey sold 3,750 shares of MU stock on 11/01/2010 at the average price of 8.18. Robert L Bailey owns at least 87,683 shares after this. The price of the stock has increased by 5.81% since.


• Sell: Director Robert L Bailey sold 6,650 shares of MU stock on 10/29/2010 at the average price of 8.18. Robert L Bailey owns at least 96,033 shares after this. The price of the stock has increased by 5.81% since.


• Sell: Director Robert L Bailey sold 4,600 shares of MU stock on 10/29/2010 at the average price of 8.23. Robert L Bailey owns at least 91,433 shares after this. The price of the stock has increased by 5.16% since.


• Sell: Director Mercedes Johnson sold 10,000 shares of MU stock on 10/29/2010 at the average price of 8.18. Mercedes Johnson owns at least 141,584 shares after this. The price of the stock has increased by 5.81% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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