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Fly News Breaks for August 15, 2016
MU
Aug 15, 2016 | 08:15 EDT
MKM Partners analyst Ian Ing raised Micron's FY16 earnings estimate to a Street-high of 0c, versus consensus of (8c) and into the upper half of FY17 consensus estimates. The analyst said sell-side estimates remain too low and need to rise and checks suggest that the PC DRAM contract should continue to rise in August 1H/2H after rising mid-single-digits in July. Ing said DRAM spot pricing has been up high-teens since the start of Micron's August quarter and thinks that PC OEMs have recently started to request a move to quarterly contracts instead of monthly, another strong indication that OEM customers are anticipating a rising pricing environment. The analyst raised his price target on Buy rated Micron to $21 from $19.
News For MU From the Last 2 Days
MU
Mar 26, 2024 | 08:56 EDT
Monday's total option volume of 35.0 million contracts resulted in net open interest growth of 5.07 million calls and 4.24 million puts. Tesla (TSLA), NVIDIA (NVDA), Micron (MU) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 48k Warner Bros. Discovery (WBD) 5/3 weekly 7 puts, 43k DoorDash (DASH) Jun-24 120 calls, 43k Bumble (BMBL) May-24 9 puts, 29k Tesla (TSLA) 3/28 weekly 170 puts and 25k Tesla (TSLA) 4/26 weekly 150 puts.