This Is What Whales Are Betting On Micron Technology
Portfolio Pulse from Benzinga Insights
A large bearish position on Micron Technology (NASDAQ:MU) has been spotted, with 62% of big-money traders being bearish. Whales have been targeting a price range of $52.5 to $75.0 for Micron Technology over the last 3 months. The stock is currently down 0.4% at $65.19.
June 27, 2023 | 4:03 pm
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A large bearish position on Micron Technology (NASDAQ:MU) has been spotted, with 62% of big-money traders being bearish. Whales have been targeting a price range of $52.5 to $75.0 for Micron Technology over the last 3 months.
The large bearish position on Micron Technology indicates that big-money traders expect the stock price to decline in the short term. With 62% of these traders being bearish, it suggests that there is a significant amount of negative sentiment surrounding the stock. This could lead to increased selling pressure and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100