Smart Money Is Betting Big In Micron Technology Options
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on Micron Technology (NASDAQ:MU) with 47% of options trades being bearish. The predicted price range is $85-$100. Analysts have mixed ratings, with target prices ranging from $67 to $175. The stock is currently trading at $88.03.
September 17, 2024 | 2:16 pm
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Micron Technology is seeing a bearish sentiment from large investors, with 47% of options trades being bearish. Analysts have mixed ratings, with target prices ranging from $67 to $175. The stock is currently trading at $88.03.
The article highlights a bearish sentiment among large investors in Micron Technology, with 47% of options trades being bearish. This suggests a potential short-term downward pressure on the stock price. Additionally, the mixed analyst ratings, with some target prices significantly lower than the current price, further contribute to the negative outlook. The current trading price of $88.03 is within the predicted range of $85-$100, indicating that the market may already be pricing in some of this sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100