Micron Technology Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Micron Technology (NASDAQ:MU), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The targeted price range for Micron Technology over the last 3 months has been $55.0 to $70.0. Wolfe Research has downgraded its action to Outperform with a price target of $80.
August 11, 2023 | 3:45 pm
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Unusual options activity has been observed for Micron Technology, indicating potential bullish sentiment. The targeted price range over the last 3 months has been $55.0 to $70.0. Wolfe Research has downgraded its action to Outperform with a price target of $80.
The unusual options activity indicates that large investors or institutions are taking a bullish stance on Micron Technology. This could potentially drive the stock price up in the short term. Additionally, the downgrade by Wolfe Research to Outperform with a price target of $80 suggests a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100