MU is the week's standout name. Analysts lifted their target price and ratings remain near-unanimous buy. The stock is up 284% year-to-date. Options flow backed the bullish case. Bulls and bears both placed large wagers heading into the Q4 earnings report due September 30. That earnings date makes Micron one of the most important prints of the quarter.
Bears are not spread evenly across the market. Space and pharma attracted the most aggressive short positioning this week. SPCX climbed to 29.9% short interest as a percentage of free float. LCID remains deeply shorted at 50.4% of free float. Options flow on Lucid extended the bearish theme, with traders adding to put exposure. The EV maker is down 59% this year.
CHWY sits at 74.2% SI but saw slight short covering. Both options and short data point to a stock under heavy pressure but with early signs of bears easing off.
UBER President and COO Andrew MacDonald filed $5.3 million in open-market purchases on September 4. No 10b5-1 plan was noted. That makes this a discretionary buy — a stronger signal. Meanwhile, activist fund Corvex Management sold over $34 million of ILMN shares in early September. Corvex holds a board seat. The divergence between these two filings tells its own story.
COST reports Q4 2026 results after the close today. Its $399 billion market cap makes it one of retail's biggest prints of the season. Short interest is just 1.7% of free float. Analysts are also watching AMGN, which took a consensus downgrade this week, shifting to 5 buys against 17 holds.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
