Objective read
The reaction, under the hood
The first regular session closed -7.39% from the pre-report close of $50.71. Volume ran at 2.78 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was +2.46% while SPY was +1.76%. The +0.70% 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 61.6. The first-session range was 1.28 ATR with the close at 5% of that session's range.