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Fly News Breaks for March 21, 2019
MU
Mar 21, 2019 | 08:30 EDT
Cowen analyst Karl Ackerman maintained an Outperform rating on Micron Technology and raised his price target to $46 following the company's quarterly results. In a research note to investors, Ackerman says that while he acknowledges that elevated inventory poses a risk to margins in the second half of the year, a transformation in working capital management provides potential opportunity for maximizing profits. Additionally, he contends that a materially improved tech roadmap in NAND and expanding growth vectors in DRAM suggest its free cash flow story is sustainable and underappreciated.
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.