Micron Technology Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for Micron Technology (NASDAQ:MU), with a bearish sentiment prevailing among big-money traders. Benzinga's options scanner revealed 13 significant trades, indicating a split sentiment of 38% bullish and 61% bearish. The trades suggest a price target range of $114.0 to $160.0 for MU. Current trading volume is 2,403,090 with a price increase of 1.09% to $115.61. Analysts have set an average target price of $146.8, with ratings ranging from Buy to Overweight.
April 30, 2024 | 2:16 pm
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NEUTRAL IMPACT
Micron Technology has seen unusual options activity indicating a bearish sentiment among large investors, with a price target range of $114 to $160. Analysts remain bullish with an average price target of $146.8.
The unusual options activity, particularly the bearish sentiment among large investors, could introduce volatility to MU's stock price. However, the bullish stance from analysts, coupled with the current positive price movement, suggests a neutral short-term impact. The wide target price range indicates uncertainty, which could lead to increased volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100