Embattled Chip Stock Pops on Jefferies Upgrade

Group 1 - STMicroelectronics NV has seen a stock price increase of 5.2% to $23.71 following an upgrade from Jefferies to "buy" and a price target increase to €34 from €23, with expected growth in the second half of 2025 driven by factors including content in Apple's upcoming iPhone 17 lineup [1] - The stock has been recovering since hitting a four-year low of $21.36 on February 3, although it remains down 42% year-over-year, with long-term pressure at the 100-day moving average limiting gains [2] - Call traders are showing increased interest in STMicroelectronics, with trading volume at triple the intraday average, particularly in the March 27 call, indicating a shift in sentiment as the stock's 50-day put/call volume ratio is higher than 90% of readings from the past year [3]