Investors Purchase High Volume of Call Options on MicroVision (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS - Get Free Report) saw unusually large options trading activity on Friday. Stock traders bought 3,790 call options on the stock. This represents an increase of approximately 99% compared to the average daily volume of 1,906 call options.

MicroVision Trading Down 1.8 %

Shares of NASDAQ:MVIS traded down $0.02 during midday trading on Friday, hitting $0.82. The stock had a trading volume of 4,470,233 shares, compared to its average volume of 2,263,066. The company has a market capitalization of $178.83 million, a PE ratio of -1.99 and a beta of 2.96. MicroVision has a 1 year low of $0.80 and a 1 year high of $2.98. The stock has a 50 day moving average price of $1.03 and a two-hundred day moving average price of $1.04.

Institutional Trading of MicroVision

Institutional investors have recently modified their holdings of the business. State Street Corp grew its position in MicroVision by 0.7% during the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker's stock worth $5,809,000 after buying an additional 37,126 shares during the period. Geode Capital Management LLC grew its holdings in shares of MicroVision by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker's stock worth $5,700,000 after acquiring an additional 363,292 shares during the period. Charles Schwab Investment Management Inc. increased its stake in MicroVision by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker's stock valued at $1,935,000 after purchasing an additional 65,712 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in MicroVision by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker's stock worth $818,000 after purchasing an additional 117,035 shares during the last quarter. Finally, BSW Wealth Partners boosted its position in MicroVision by 33.3% during the third quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker's stock worth $456,000 after purchasing an additional 100,000 shares in the last quarter. 30.90% of the stock is currently owned by hedge funds and other institutional investors.

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.