Objective read
The reaction, under the hood
The first regular session closed -3.78% from the pre-report close of $461.73. Volume ran at 2.18 times the prior 20-session baseline, which HPT classifies as elevated participation.
By session 20, MU was -0.97% while SPY was +6.08%. The -7.06% 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 64.2. The first-session range was 1.47 ATR with the close at 64% of that session's range.