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Trending
Renaissance Slashes Micron Stake by $486 Million
Business
— Aug 20, 2026
During Q2 2026, Micron Technology saw varied institutional moves: Summit Global Investments cut its Micron stake by 68.5%, Central Bank & Trust Co. trimmed 11.9%, Valliance Asset Management Ltd boosted its position to become the second-largest holder, and Renaissance Technologies slashed its Micron stake by about $486.5 million after the stock peaked. Additionally, Micron executives and other investors traded shares, including Sumit Sadana selling 15,000 shares, reflecting a broad reassessment of the stock after its rally to multi-year highs.
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