Check Out What Whales Are Doing With Micron Technology
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Micron Technology (NASDAQ:MU), with 65% of unusual trades being bearish. The trading activity suggests a target price range of $72.5 to $95.0. The largest trades include both bearish and bullish positions, with significant open interest and volume in options. Micron, a major semiconductor company, has seen its stock price decrease by -3.92%, with a neutral RSI indicator and an earnings announcement expected in 42 days.
February 13, 2024 | 3:15 pm
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Micron Technology has experienced a bearish sentiment from financial giants, with a significant portion of options trades indicating a bearish outlook. The stock price has recently decreased, and it's currently in a neutral position according to RSI indicators.
The bearish sentiment indicated by the options trading activity, combined with the recent price decrease, suggests a short-term negative impact on Micron Technology's stock price. However, the neutral RSI indicator and the upcoming earnings announcement could introduce volatility or potential recovery, making the situation worth monitoring closely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100