Spotlight on Micron Technology: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Investors have shown significant interest in Micron Technology (NASDAQ:MU) through a surge in options activity, with a mix of bullish and bearish trades. The options activity suggests a price range of $60 to $180 for MU. Analysts have recently upgraded their ratings, with target prices ranging from $130 to $150.
May 22, 2024 | 4:31 pm
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Micron Technology has seen a significant increase in options activity, with 28 uncommon trades. The sentiment is mixed, with 53% bullish and 35% bearish. Analysts have upgraded their ratings, with target prices ranging from $130 to $150.
The surge in options activity indicates heightened interest and potential volatility in MU's stock price. The majority of trades are bullish, and recent analyst upgrades with higher target prices suggest positive sentiment. This could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100