Objective read
The reaction, under the hood
The first regular session closed -8.04% from the pre-report close of $103.00. Volume ran at 3.11 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -33.20% while SPY was -6.91%. The -26.29% 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 58.3. The first-session range was 0.92 ATR with the close at 21% of that session's range.