Monolithic Power Systems's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Monolithic Power Systems (NASDAQ:MPWR) has seen a surge in options activity, with 71% of investors showing a bullish sentiment. The stock is currently down 9.23% at $848.38, but analysts maintain a Buy rating with price targets up to $1100. Significant options trades suggest a price range of $820 to $930.
September 03, 2024 | 8:45 pm
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Monolithic Power Systems is experiencing a significant increase in options activity, with a majority of investors showing bullish sentiment. Despite a recent price drop, analysts maintain a Buy rating with high price targets.
The surge in options activity, particularly with a bullish sentiment, indicates investor confidence in MPWR's future performance. Despite a recent price drop, the high price targets from analysts suggest potential upside. The options activity suggests a price range of $820 to $930, indicating expected volatility and potential upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100