Objective read
The reaction, under the hood
The first regular session closed -7.12% from the pre-report close of $142.36. Volume ran at 2.84 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -24.52% while SPY was -1.30%. The -23.22% 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 58.7. The first-session range was 1.04 ATR with the close at 18% of that session's range.