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

MicroVision, Inc. (NASDAQ:MVIS) was the recipient of some unusual options trading on Monday. Traders acquired 7,891 call options on the company. This is an increase of 141% compared to the typical daily volume of 3,271 call options.

Institutional Trading of MicroVision

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in 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 in the last quarter. Rhumbline Advisers boosted its position in shares of MicroVision by 16.8% during the 2nd quarter. Rhumbline Advisers now owns 296,302 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 42,704 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of MicroVision by 133.4% in the second quarter. Daiwa Securities Group Inc. now owns 64,436 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 36,834 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of MicroVision by 29.1% in the second quarter. Thoroughbred Financial Services LLC now owns 88,670 shares of the electronics maker’s stock valued at $93,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in MicroVision by 158.3% in the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 24,006 shares during the last quarter. 30.90% of the stock is currently owned by institutional investors.

MicroVision Stock Performance

Shares of MicroVision stock traded up $0.21 on Monday, hitting $1.72. 8,262,739 shares of the company traded hands, compared to its average volume of 2,609,135. MicroVision has a 52 week low of $0.80 and a 52 week high of $2.80. The business has a 50-day simple moving average of $0.99 and a 200 day simple moving average of $1.03. The stock has a market capitalization of $375.62 million, a P/E ratio of -4.18 and a beta of 2.96.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MVIS. Westpark Capital started coverage on shares of MicroVision in a research note on Thursday, December 19th. They issued a “buy” rating and a $1.30 price objective for the company. StockNews.com raised MicroVision to a “sell” rating in a report on Friday, December 20th.

About MicroVision

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.