Looking At Micron Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of unusual options trades have been detected for Micron Technology (NASDAQ:MU), with 52% of investors showing bullish expectations and 48% bearish. The trades include 9 puts totaling $765,628 and 16 calls totaling $684,065. Whales have been targeting a price range from $57.5 to $75.0 for Micron Technology over the last 3 months. The current price of MU is $64.4, down 0.2%. Analysts from Goldman Sachs, TD Cowen, and Barclays maintain positive ratings on Micron Technology, while Citigroup and Morgan Stanley have downgraded their ratings.
July 14, 2023 | 7:04 pm
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Micron Technology has seen unusual options activity, with a slightly higher percentage of investors showing bullish expectations. Analysts' ratings are mixed.
The unusual options activity indicates increased interest in Micron Technology, which could lead to increased volatility in the stock price. However, the mixed analyst ratings suggest uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100