Objective read
The reaction, under the hood
The first regular session closed -2.87% from the pre-report close of $46.06. Volume ran at 2.34 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -10.33% while SPY was -5.85%. The -4.48% spread shows whether the move remained company-specific or faded back toward the broad tape.
Before the report, price was below its 55-day EMA and RSI measured 44.5. The first-session range was 0.84 ATR with the close at 52% of that session's range.