MicroVision Sees Unusually Large Options Volume (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 66,418 call options on the company. This represents an increase of 858% compared to the typical daily volume of 6,936 call options.

Wall Street Analyst Weigh In

MVIS has been the topic of a number of recent analyst reports. D. Boral Capital initiated coverage on MicroVision in a research report on Monday, February 10th. They issued a “buy” rating and a $3.00 price objective on the stock. Westpark Capital raised their target price on MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com upgraded MicroVision to a “sell” rating in a research note on Friday, December 20th.

MicroVision Stock Up 31.6 %

MVIS opened at $1.75 on Thursday. The stock has a market cap of $383.29 million, a PE ratio of -4.27 and a beta of 2.87. The business has a 50 day moving average of $1.34 and a 200-day moving average of $1.13. MicroVision has a 52 week low of $0.80 and a 52 week high of $2.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP purchased a new stake in shares of MicroVision in the fourth quarter worth $2,116,000. Renaissance Technologies LLC purchased a new stake in MicroVision during the 4th quarter valued at about $1,769,000. Millennium Management LLC increased its stake in MicroVision by 10,387.0% during the 4th quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker’s stock valued at $1,475,000 after purchasing an additional 1,114,936 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in MicroVision by 686.5% in the fourth quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker’s stock worth $928,000 after buying an additional 618,429 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of MicroVision by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after buying an additional 363,292 shares in the last quarter. 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.