Check Out What Whales Are Doing With Micron Technology
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bearish stance on Micron Technology (NASDAQ:MU), as observed through unusual options trading activity. The sentiment is 30% bullish and 60% bearish, with significant trades indicating a price range of $95 to $150. Despite this, analysts maintain a generally positive outlook with target prices ranging from $100 to $135.
October 08, 2024 | 2:16 pm
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Unusual options activity shows wealthy investors are bearish on Micron Technology, with 60% of trades indicating a negative outlook. Despite this, analysts maintain positive ratings with target prices between $100 and $135.
The unusual options activity, with 60% bearish sentiment, suggests that significant investors expect a downturn in Micron's stock price. However, analysts' target prices remain above the current trading price, indicating a potential for recovery or growth in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100