Micron Technology Unusual Options Activity For September 19
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Micron Technology (NASDAQ:MU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $62.5 to $85.0 for Micron Technology over the last 3 months. Citigroup, Goldman Sachs, Barclays, and Deutsche Bank have maintained or upgraded their ratings on Micron Technology, with price targets of $85 and $80.
September 19, 2023 | 6:01 pm
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Unusual options activity indicates a significant bearish stance on Micron Technology. The sentiment among big-money traders is split, with a slight lean towards bearish. Analysts maintain or upgrade their ratings, with price targets of $85 and $80.
The unusual options activity, with a bearish stance from a large investor, could potentially drive the stock price down in the short term. However, the maintained or upgraded ratings from analysts could counteract this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100