Objective read
The reaction, under the hood
The first regular session closed -11.09% from the pre-report close of $48.60. Volume ran at 3.58 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -3.09% while SPY was +1.13%. The -4.22% 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 54.0. The first-session range was 2.11 ATR with the close at 10% of that session's range.