Investors Purchase Large Volume of MicroVision Call Options (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) was the recipient of some unusual options trading activity on Friday. Stock investors bought 3,790 call options on the stock. This is an increase of 99% compared to the average daily volume of 1,906 call options.

Hedge Funds Weigh In On MicroVision

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of MicroVision by 0.7% during the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after acquiring an additional 37,126 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of MicroVision by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock valued at $5,700,000 after acquiring an additional 363,292 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MicroVision by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock valued at $1,935,000 after acquiring an additional 65,712 shares during the last quarter. Bank of New York Mellon Corp raised its stake in MicroVision by 17.9% in the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock worth $818,000 after buying an additional 117,035 shares in the last quarter. Finally, BSW Wealth Partners raised its stake in MicroVision by 33.3% in the third quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock worth $456,000 after buying an additional 100,000 shares in the last quarter. 30.90% of the stock is owned by institutional investors.

MicroVision Trading Down 1.8 %

Shares of NASDAQ:MVIS opened at $0.82 on Friday. The company has a market cap of $178.83 million, a price-to-earnings ratio of -1.99 and a beta of 2.96. The company has a 50-day moving average price of $1.02 and a 200-day moving average price of $1.04. MicroVision has a 12 month low of $0.80 and a 12 month high of $2.98.

MicroVision Company Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.