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

MicroVision, Inc. (NASDAQ:MVIS) was the target of some unusual options trading activity on Friday. Investors purchased 11,174 call options on the stock. This represents an increase of approximately 125% compared to the average volume of 4,970 call options.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Westpark Capital assumed coverage on shares of MicroVision in a research report on Thursday, December 19th. They issued a “buy” rating and a $1.30 target price on the stock. StockNews.com upgraded shares of MicroVision to a “sell” rating in a research report on Friday, December 20th.

MicroVision Stock Up 18.0 %

Shares of NASDAQ MVIS opened at $1.44 on Friday. The company’s 50-day simple moving average is $1.07 and its 200-day simple moving average is $1.07. MicroVision has a 52-week low of $0.80 and a 52-week high of $2.70. The firm has a market cap of $315.39 million, a price-to-earnings ratio of -3.51 and a beta of 2.87.

Hedge Funds Weigh In On MicroVision

Several hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp lifted its stake in shares of MicroVision by 0.7% in the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock worth $5,809,000 after buying an additional 37,126 shares in the last quarter. 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. Charles Schwab Investment Management Inc. lifted its stake in shares of MicroVision by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after buying an additional 65,712 shares in the last quarter. Bank of New York Mellon Corp raised its stake in MicroVision by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock worth $818,000 after purchasing an additional 117,035 shares during the period. Finally, BSW Wealth Partners boosted its holdings in MicroVision by 33.3% in the 3rd quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after purchasing an additional 100,000 shares during the last quarter. 30.90% of the stock is owned by hedge funds and other 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.