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

MicroVision, Inc. (NASDAQ:MVIS) was the target of unusually large options trading on Friday. Stock investors acquired 11,174 call options on the stock. This is an increase of approximately 125% compared to the typical volume of 4,970 call options.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of MicroVision by 0.7% during the 3rd quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock worth $5,809,000 after purchasing an additional 37,126 shares during the period. Geode Capital Management LLC boosted its holdings 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 buying an additional 363,292 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 buying an additional 65,712 shares during the period. Bank of New York Mellon Corp increased its holdings 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 valued at $818,000 after buying an additional 117,035 shares in the last quarter. Finally, BSW Wealth Partners raised its position in shares of 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 acquiring an additional 100,000 shares during the period. 30.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on MVIS shares. StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Friday, December 20th. Westpark Capital started coverage on shares of MicroVision in a research note on Thursday, December 19th. They set a “buy” rating and a $1.30 price objective for the company.

MicroVision Stock Up 18.0 %

Shares of MicroVision stock traded up $0.22 on Friday, reaching $1.44. 11,741,595 shares of the stock were exchanged, compared to its average volume of 6,862,123. The business has a 50 day moving average price of $1.06 and a two-hundred day moving average price of $1.06. The firm has a market capitalization of $315.39 million, a price-to-earnings ratio of -3.51 and a beta of 2.87. MicroVision has a twelve month low of $0.80 and a twelve month high of $2.70.

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.