Information Provided By:
Fly News Breaks for March 21, 2019
MU
Mar 21, 2019 | 07:00 EDT
Micron beat "cautious" February quarter consensus estimates, though its May guidance was well below expectations, noted Stifel analyst Kevin Cassidy. Though he cut his estimates following the report, Cassidy said he continues to view the May quarter as the trough for Micron's revenue and earnings. The analyst, who added that he is "encouraged by management's bold moves in lowering fab utilization," keeps a Buy rating on Micron shares though he lowered his price target to $60 from $65.
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.