Objective read
The reaction, under the hood
The first regular session closed -7.92% from the pre-report close of $34.11. Volume ran at 3.54 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -0.67% while SPY was +3.09%. The -3.76% 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 38.6. The first-session range was 1.27 ATR with the close at 6% of that session's range.