Decoding Micron Technology's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Micron Technology (NASDAQ:MU) shows a bearish sentiment among investors, with 55% of trades being bearish. The price target range is between $65 and $150, based on trading volumes and open interest. The largest trades observed include both puts and calls, with varying sentiments. Micron Technology, a leading semiconductor company, has seen its stock price decrease by -2.28%, with a current price of $109.23. Analyst ratings in the last month have an average target price of $146.8, with several analysts maintaining a positive outlook on the stock.
April 25, 2024 | 3:01 pm
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NEUTRAL IMPACT
Micron Technology has seen a bearish sentiment in options trading, yet maintains positive analyst ratings with an average target price of $146.8. The stock price recently decreased by -2.28%, currently at $109.23.
The bearish options activity suggests short-term investor skepticism, but the strong analyst ratings and target prices indicate a positive long-term outlook. The recent price decrease may reflect market volatility rather than a fundamental shift in the company's value, suggesting a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100