Chip Stock Breaking Records as Director Snaps Up Shares

Core Insights - Micron Technology Inc's stock has reached a record high of $365.81, up 8.2%, following a significant share purchase by board member Mark Liu amounting to $7.8 million [1] - Barclays and Citigroup have raised their price targets for Micron, with Barclays increasing its target from $275 to $450 and Citigroup from $330 to $385, indicating potential for further price-target hikes as the current consensus target price of $326.94 represents a 9.5% discount to current levels [1] Stock Performance - The stock is on track for an eighth consecutive weekly gain, supported by the $320 level in the past week and bouncing off the rising 60-day moving average in November and December [2] - Year-over-year, Micron has shown a substantial increase of 247.4% [2] Options Market Sentiment - Options traders are currently leaning bearish, as indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.31, which is in the 97th percentile of its annual range, suggesting that unwinding of this pessimism could provide upward momentum for the stock [3] - The Schaeffer's Volatility Scorecard (SVS) for Micron is 88 out of 100, indicating that the stock has consistently experienced higher volatility than what its options have priced in [3] Trading Activity - In the first half of trading, there have been 190,000 calls and 178,000 puts traded, which is four times the intraday average volume, with the January 2026 360-strike call being the most popular option [4]