This Is What Whales Are Betting On Micron Technology
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Micron Technology (NASDAQ:MU) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $47.5 to $75.0 for Micron Technology over the last 3 months. Analysts from Stifel, Deutsche Bank, and Needham maintain their Hold and Buy ratings respectively, while Rosenblatt and Wedbush have downgraded their actions.
July 03, 2023 | 4:33 pm
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A large investor has taken a bearish stance on Micron Technology, with unusual options trades indicating a price target between $47.5 and $75.0. Analyst ratings are mixed.
The bearish stance taken by a large investor, as indicated by unusual options trades, suggests a potential decrease in Micron Technology's stock price. This is further supported by the 70% bearish sentiment among big-money traders. However, analyst ratings are mixed, which may mitigate the impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100