Objective read
The reaction, under the hood
The first regular session closed -5.12% from the pre-report close of $31.47. Volume ran at 2.16 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -6.96% while SPY was +2.30%. The -9.26% spread shows whether the move remained company-specific or faded back toward the broad tape.
Before the report, price was above its 55-day EMA and RSI measured 53.7. The first-session range was 2.06 ATR with the close at 6% of that session's range.