Friday May 10
Short Sellers Retreat from Micron Technology, Other Semiconductor Stocks
The largest percentage swings in short interest in semiconductor stocks between the April 15 and April 30 settlement dates happened to Advanced Micro Devices and KLA-Tencor , which saw drops of around six percent, and Micron Technology , which plunged more than 22 percent.
Friday May 10
Micron Technology Downgraded by JMP Securities to "Market Perform"
A number of other analysts have also recently weighed in on MU. Analysts at Topeka Capital Markets initiated coverage on shares of Micron Technology in a research note to investors on Monday.
Micron Technology, Inc. (MU) Sees a Rare Uptick in Call Volume
Micron Technology, Inc. is following in the bullish footsteps of the broader equities markets today, with the stock up 1.7%. The positive price action hasn't been lost on option traders, with roughly 35,000 calls crossing the tape thus far -- nearly double the average intraday volume.
Micron Technology Now Covered by Analysts at Topeka Capital Markets
The firm issued a hold rating and a $10.00 price target on the stock. "While MU has several positive trends unfolding, including growth in NAND solid-state drives, specialty server/networking memory and improving DRAM economics from the Elpida acquisition, we believe these factors are embedded in the 50% stock run-up year-to-date. At this time, we ... (more)
Bullish Trader Bets Big on Micron Technology, Inc.
Semiconductor interest Micron Technology, Inc. has seen an unusual amount of action in the options pits this morning, with total intraday trading volume nearly four times the norm.