MicroVision Target of Unusually Large Options Trading (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) was the target of some unusual options trading on Monday. Investors bought 7,891 call options on the stock. This is an increase of approximately 141% compared to the average daily volume of 3,271 call options.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MVIS. StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Friday, December 20th. Westpark Capital began coverage on MicroVision in a research report on Thursday, December 19th. They issued a “buy” rating and a $1.30 price target on the stock.

MicroVision Price Performance

NASDAQ MVIS traded up $0.21 during mid-day trading on Monday, reaching $1.72. The stock had a trading volume of 8,262,739 shares, compared to its average volume of 2,609,135. The stock has a market cap of $375.62 million, a PE ratio of -4.18 and a beta of 2.96. MicroVision has a 1 year low of $0.80 and a 1 year high of $2.80. The company has a fifty day moving average price of $0.99 and a 200 day moving average price of $1.03.

Institutional Trading of MicroVision

Large investors have recently made changes to their positions in the stock. Sei Investments Co. bought a new stake in shares of MicroVision during the 2nd quarter valued at about $27,000. Aaron Wealth Advisors LLC purchased a new position in shares of MicroVision in the third quarter worth approximately $31,000. XTX Topco Ltd bought a new stake in MicroVision during the second quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC bought a new position in MicroVision in the third quarter worth approximately $40,000. Finally, Hsbc Holdings PLC boosted its stake in shares of MicroVision by 158.3% during the 2nd quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 24,006 shares during the last quarter. 30.90% of the stock is currently owned by institutional investors.

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.