Micron Technology Unusual Options Activity For August 30
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown unusual bearish options activity on Micron Technology (NASDAQ:MU), with 72% of trades being bearish. This suggests potential insider information. The stock is currently trading at $97.42, up 1.94%, but RSI indicates it may be overbought. Analysts have mixed ratings with target prices ranging from $140 to $175.
August 30, 2024 | 2:02 pm
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Micron Technology has seen unusual bearish options activity, with 72% of trades being bearish. This could indicate insider information. The stock is currently up 1.94% at $97.42, but RSI suggests it may be overbought. Analysts have mixed ratings with target prices ranging from $140 to $175.
The unusual bearish options activity suggests that investors may have insider information, which could negatively impact the stock price in the short term. Despite the current price increase, the RSI indicates potential overbought conditions, adding to the bearish sentiment. Analysts' target prices are higher, but the immediate market sentiment is negative.
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