Smart Money Is Betting Big In Micron Technology Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on Micron Technology (NASDAQ:MU) through options trading. Analysis revealed 17 unusual trades, with 47% showing bearish tendencies. The major market movers are focusing on a price band between $40.0 and $160.0. Despite the bearish sentiment, analysts have mixed ratings with target prices ranging from $140 to $225.
July 16, 2024 | 2:04 pm
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NEGATIVE IMPACT
Micron Technology has seen significant bearish options trading activity, with 47% of trades showing bearish tendencies. Despite this, analysts have mixed ratings with target prices ranging from $140 to $225.
The significant bearish options trading activity suggests a negative short-term outlook for Micron Technology. However, the mixed analyst ratings and target prices indicate some level of uncertainty and potential for recovery.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100