Looking At Micron Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Micron Technology (NASDAQ:MU), with 58% of recent trades being bearish and 41% bullish. The trades range from $35.0 to $75.0, with a mean open interest of 3809.1 and a total volume of 4,320.00. Wolfe Research has downgraded its action to Outperform with a price target of $80. The current price of MU is down -0.88% at $66.11.
August 10, 2023 | 3:31 pm
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Bearish stance taken on Micron Technology with majority of recent trades being bearish. Wolfe Research downgraded its action to Outperform with a price target of $80.
The bearish stance taken by a significant investor, along with the downgrade by Wolfe Research, could potentially lead to a short-term decrease in Micron Technology's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100