Check Out What Whales Are Doing With Micron Technology
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Micron Technology (NASDAQ:MU), with 66% of recent trades being bearish. The whales have been targeting a price range from $40.0 to $80.0 for Micron Technology over the last 3 months. The price of MU is currently down -3.99% at $67.94. Wolfe Research has downgraded its action to Outperform with a price target of $80.
August 04, 2023 | 11:52 am
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NEGATIVE IMPACT
A significant investor has taken a bearish stance on Micron Technology. The price of MU is currently down -3.99% at $67.94. Wolfe Research has downgraded its action to Outperform with a price target of $80.
The bearish stance taken by a significant investor, along with the current price drop, indicates a potential short-term negative impact on Micron Technology's stock. However, the downgrade to Outperform by Wolfe Research with a price target of $80 suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100