Micron Technology Bears Emerge Amid Mixed Options Sentiment

Micron Technology sees mixed emotions among traders as 48% lean bearish while 35% are bullish. With a projected price target between $65 and $140, investors should monitor the upcoming earnings report in 7 days for further developments.

Date: 13-03-2025

AI Rating: 6

Options Trading Insights: The recent analysis of options history for Micron Technology shows that a majority of traders (48%) are exhibiting bearish tendencies, while only 35% lean bullish. This notable bearishness, combined with unusual trading patterns, could influence the stock's price. Specifically, there were 22 put options valued at approximately $1.39 million compared to 34 call options worth around $4.04 million. The disparity suggests concerns over future performance.

Projected Price Targets: The analysis indicates that the big players are eyeing a price target range from $65 to $140 for Micron Technology. This broad target may indicate uncertainty but also presents potential upside if bullish traders are correct about the company's future performance.

Current Market Position: Micron's stock is currently trading at $96.05, showing a slight increase of 0.42%. The volume of trading stands at 11,188,206, which indicates significant interest in the stock. However, the RSI readings suggest the stock may be nearing an overbought condition, prompting caution among investors.

Analyst Predictions: An analyst from Wells Fargo maintains an 'Overweight' rating for Micron with an optimistic price target of $130. This price target could be a critical reference point for investors assessing the stock’s potential before the anticipated earnings release in a week's time.

Stocks: MU