Objective read
The reaction, under the hood
The first regular session closed -3.52% from the pre-report close of $82.05. Volume ran at 2.69 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -18.99% while SPY was -9.59%. The -9.39% 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 51.9. The first-session range was 1.94 ATR with the close at 7% of that session's range.