Decoding Micron Technology's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Micron Technology (NASDAQ:MU) with significant options activity. The options activity includes 12 puts and 19 calls, with a majority leaning bearish. The stock is currently down by 2.98% at $86.73, and analysts have mixed ratings with target prices ranging from $140 to $175.
September 06, 2024 | 3:16 pm
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Micron Technology is experiencing significant bearish options activity, with 54% of investors leaning bearish. The stock is down 2.98% at $86.73. Analysts have mixed ratings with target prices ranging from $140 to $175.
The significant bearish sentiment in options activity suggests a negative outlook for Micron Technology in the short term. The stock's current decline of 2.98% aligns with this sentiment. Analysts' mixed ratings provide a range of potential outcomes, but the immediate impact is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100