This Is What Whales Are Betting On Micron Technology
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Micron Technology (NASDAQ:MU), as revealed by Benzinga's options scanner. The scanner highlighted 113 extraordinary options activities, with 44% of investors leaning bearish. The trading volume for MU stands at 23,367,983, with the stock price up by 2.92% at $97.4. Analysts have a consensus target price of $145.0, with Keybanc maintaining an Overweight rating.
August 13, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Deep-pocketed investors have shown a bearish sentiment towards Micron Technology (NASDAQ:MU), as revealed by Benzinga's options scanner. The scanner highlighted 113 extraordinary options activities, with 44% of investors leaning bearish. The trading volume for MU stands at 23,367,983, with the stock price up by 2.92% at $97.4. Analysts have a consensus target price of $145.0, with Keybanc maintaining an Overweight rating.
The significant bearish sentiment from deep-pocketed investors, as indicated by the high volume of put options, suggests potential downward pressure on MU's stock price in the short term. Despite the current price increase and positive analyst ratings, the bearish options activity could lead to increased volatility and a potential decline in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100