Micron Technology Unusual Options Activity For July 11
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Micron Technology (NASDAQ:MU), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 72% bullish and 27% bearish. The price target for Micron Technology over the last 3 months has been between $57.5 to $80.0. The current price of MU is up 1.65% at $63.51. Analysts from Goldman Sachs, Citigroup, Deutsche Bank, B of A Securities, and Keybanc have maintained their ratings on Micron Technology.
July 11, 2023 | 3:03 pm
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Unusual options activity indicates a bullish stance on Micron Technology. The price target over the last 3 months has been between $57.5 to $80.0. The current price of MU is up 1.65% at $63.51.
The unusual options activity, which is heavily skewed towards a bullish stance, indicates that there is a high probability of the stock price going up in the short term. This is further supported by the fact that the current price of MU is up and the price target over the last 3 months has been relatively high.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100