Smart Money Is Betting Big In Micron Technology Options
Portfolio Pulse from Benzinga Insights
Whales are showing a bullish stance on Micron Technology (NASDAQ:MU) with significant options activity. 65 trades were detected, with 44% bullish and 43% bearish. The price target ranges from $40 to $150. The stock is currently trading at $93.36, up 1.4%, with an RSI indicating it may be oversold. An analyst from Keybanc maintains an Overweight rating with a $145 target price.
August 09, 2024 | 7:01 pm
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POSITIVE IMPACT
Whales are showing a bullish stance on Micron Technology with significant options activity. The stock is currently trading at $93.36, up 1.4%, with an RSI indicating it may be oversold. An analyst from Keybanc maintains an Overweight rating with a $145 target price.
The significant options activity, particularly the bullish trades, indicates strong investor interest and confidence in Micron Technology's future performance. The current stock price increase and the RSI suggesting it may be oversold further support a positive short-term outlook. Additionally, the analyst's Overweight rating and high price target reinforce this bullish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100