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

MicroVision, Inc. (NASDAQ:MVIS) saw unusually large options trading on Friday. Stock investors acquired 11,174 call options on the stock. This represents an increase of 125% compared to the average daily volume of 4,970 call options.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised 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 valued at $5,700,000 after acquiring an additional 363,292 shares in the last quarter. Barclays PLC raised its stake in shares of MicroVision by 302.0% in the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after acquiring an additional 212,365 shares in the last quarter. Bard Financial Services Inc. acquired a new stake in shares of MicroVision in the fourth quarter valued at $166,000. Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 117,035 shares in the last quarter. Finally, BSW Wealth Partners raised its stake 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 valued at $456,000 after acquiring an additional 100,000 shares in the last quarter. 30.90% of the stock is currently owned by institutional investors and hedge funds.

MicroVision Stock Up 18.0 %

NASDAQ:MVIS opened at $1.44 on Friday. The stock’s fifty day moving average is $1.07 and its two-hundred day moving average is $1.07. MicroVision has a 52 week low of $0.80 and a 52 week high of $2.70. The stock has a market capitalization of $315.39 million, a price-to-earnings ratio of -3.51 and a beta of 2.87.

Analyst Ratings Changes

MVIS has been the subject of several analyst reports. Westpark Capital initiated coverage on MicroVision in a research report on Thursday, December 19th. They issued a “buy” rating and a $1.30 price objective for the company. StockNews.com upgraded MicroVision to a “sell” rating in a research report on Friday, December 20th.

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.