MU is trading 3.5% down today at $699 as the stock pulls back from record highs following a $52 million wave of insider stock sales and concerns over stretched valuations.
- The stock is retreating from recent record highs above $800 after an 89% one-month surge driven by AI optimism.
- While the broader market faces modest pressure, the decline is primarily attributed to profit-taking and sensitivity to insider selling headlines.