This Is What Whales Are Betting On Micron Technology
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Micron Technology (NASDAQ:MU), with 66% of detected trades showing bearish expectations. The targeted price range for Micron Technology over the last 3 months is $65.0 to $75.0. The current price of MU is up 1.12% at $71.64. Barclays and Citigroup maintain their Overweight and Buy ratings on Micron Technology, with price targets of $80 and $85 respectively.
September 14, 2023 | 2:17 pm
News sentiment analysis
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NEUTRAL IMPACT
Bearish stance detected on Micron Technology with a targeted price range of $65-$75. Current price is up 1.12% at $71.64. Positive ratings from Barclays and Citigroup.
The bearish stance from a significant investor could potentially put downward pressure on Micron Technology's stock price. However, the positive ratings from Barclays and Citigroup, along with the current upward trend in price, could counteract this bearish sentiment. Therefore, the short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100