Check Out What Whales Are Doing With Micron Technology
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Micron Technology (NASDAQ:MU), as observed from publicly available options history. The overall sentiment of these big-money traders is split between 35% bullish and 65% bearish. The whales have been targeting a price range from $50.0 to $95.0 for Micron Technology over the last 3 months. The price of MU is up 5.62% at $71.17. Several financial institutions have maintained or adjusted their ratings and price targets for Micron Technology.
July 27, 2023 | 2:03 pm
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A large bearish position has been taken on Micron Technology, indicating potential downward pressure on the stock. However, several financial institutions have maintained or adjusted their ratings and price targets, which could counteract this bearish sentiment.
The large bearish position indicates that a significant investor expects the price of Micron Technology to decrease. However, the ratings and price targets set by financial institutions suggest that they see potential value in the stock, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100