Objective read
The reaction, under the hood
The first regular session closed -7.99% from the pre-report close of $58.92. Volume ran at 1.75 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -14.09% while SPY was +1.12%. The -15.20% 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 67.2. The first-session range was 1.92 ATR with the close at 10% of that session's range.