This Is What Whales Are Betting On Micron Technology
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Micron Technology (NASDAQ:MU), with 53% of investors opening trades with bullish expectations and 46% with bearish. The whale has been targeting a price range from $35.0 to $75.0 for Micron Technology over the last 3 months. Wolfe Research has downgraded its action to Outperform with a price target of $80. The price of MU is down -0.16% at $63.46.
August 18, 2023 | 3:31 pm
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POSITIVE IMPACT
A whale investor has shown bullish sentiment towards Micron Technology, with a target price range of $35-$75. Wolfe Research has downgraded its action to Outperform with a price target of $80. The current price of MU is down -0.16% at $63.46.
The bullish sentiment from a whale investor, along with the target price range, indicates a positive outlook for Micron Technology. However, the current price is down, which may be a temporary dip. Wolfe Research's downgrade to Outperform with a price target of $80 also suggests potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100