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 72% of the spotted trades being bearish. The whales have been targeting a price range from $45.0 to $77.5 for Micron Technology over the last 3 months. The stock is currently neutral between overbought and oversold. Analysts have mixed opinions, with Citigroup, Rosenblatt, and Goldman Sachs maintaining a Buy rating, while Evercore ISI Group and Wedbush maintain an Outperform rating.
September 29, 2023 | 2:31 pm
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A significant investor has taken a bearish stance on Micron Technology. The stock is currently neutral and analysts have mixed opinions.
The bearish stance taken by a significant investor, along with the mixed analyst ratings, could lead to uncertainty and potential downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100