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 observed from publicly available options history. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $55.0 to $75.0 for Micron Technology over the last 3 months. Analysts from Needham, Stifel, Wolfe Research, Barclays, and Morgan Stanley have given varied ratings and price targets for the company.
July 21, 2023 | 3:03 pm
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A large investor has taken a bearish stance on Micron Technology, with big-money traders sentiment being more bearish than bullish. Analysts have given varied ratings and price targets.
The bearish stance taken by a large investor, along with the overall bearish sentiment among big-money traders, indicates potential downward pressure on Micron Technology's stock price in the short term. The varied analyst ratings and price targets further add to the uncertainty around the stock's future performance.
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IMPORTANCE 80
RELEVANCE 100