Looking At Micron Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on Micron Technology (NASDAQ:MU) indicates a bearish stance by large investors, with a split sentiment of 37% bullish and 62% bearish. The activity involves 37 significant trades, with puts totaling $238,212 and calls amounting to $1,961,476. The targeted price range for MU over the last 3 months is between $60.0 to $135.0. Current trading volume is 8,109,624, with MU's price slightly up by 0.41% at $119.29. Five market experts have issued ratings for MU, with a consensus target price of $122.6, indicating a positive outlook.
March 27, 2024 | 2:45 pm
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Micron Technology has seen unusual options activity indicating a bearish sentiment among large investors, despite a slight increase in stock price and a positive consensus target price from market experts.
The bearish options activity could indicate insider caution, potentially impacting MU's short-term price. However, the positive analyst ratings and the slight increase in stock price suggest a mixed impact, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100