Micron CEO Sanjay Mehrotra Sells $37.3M in Stock Amid Share Price Decline
Sanjay Mehrotra, the CEO of Micron Technology (MU), sold $37.3 million worth of stock during a week when shares hit a two-month low. The sales occurred on July 24 and were executed under a Rule 10b5-1 trading plan adopted in January 2026—well before the recent decline began, as required by SEC rules to prevent insider timing around negative news. Micron's stock has fallen over 32% from its June peak due to broader market concerns about competition and AI infrastructure spending. The drop was triggered not directly by Mehrotra’s sale but rather fears surrounding a new Chinese state-backed chipmaker, ChangXin Memory Technologies, which entered public trading recently. Despite the share price decline, Micron's recent financial performance remains strong: it exceeded revenue estimates with $41.46 billion in Q2 and reported robust demand for its HBM3E and HBM4 memory chips through 2028.
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