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

MicroVision, Inc. (NASDAQ:MVIS) was the target of unusually large options trading activity on Friday. Stock traders acquired 3,790 call options on the company. This is an increase of 99% compared to the typical daily volume of 1,906 call options.

MicroVision Price Performance

Shares of MicroVision stock opened at $0.82 on Friday. The stock’s 50 day simple moving average is $1.03 and its 200-day simple moving average is $1.04. The stock has a market cap of $178.83 million, a P/E ratio of -1.99 and a beta of 2.96. MicroVision has a 1-year low of $0.80 and a 1-year high of $2.98.

Hedge Funds Weigh In On MicroVision

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in MicroVision by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after purchasing an additional 363,292 shares during the period. Barclays PLC increased its holdings in shares of MicroVision by 302.0% during the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after buying an additional 212,365 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of MicroVision by 17.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock valued at $818,000 after buying an additional 117,035 shares during the period. BSW Wealth Partners lifted its holdings in MicroVision by 33.3% in the third quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after acquiring an additional 100,000 shares during the last quarter. Finally, XTX Topco Ltd grew its position in MicroVision by 319.0% in the third quarter. XTX Topco Ltd now owns 125,579 shares of the electronics maker’s stock worth $143,000 after acquiring an additional 95,605 shares during the period. Hedge funds and other institutional investors own 30.90% of the company’s stock.

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.