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

MicroVision, Inc. (NASDAQ:MVIS) saw unusually large options trading activity on Friday. Stock traders purchased 3,790 call options on the company. This is an increase of 99% compared to the average daily volume of 1,906 call options.

Hedge Funds Weigh In On MicroVision

A number of institutional investors have recently bought and sold shares of MVIS. State Street Corp increased its stake in shares of MicroVision by 0.7% during the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after purchasing an additional 37,126 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MicroVision by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock valued at $5,700,000 after purchasing an additional 363,292 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MicroVision by 4.0% during the third 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 increased its stake in shares of 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 valued at $818,000 after purchasing an additional 117,035 shares in the last quarter. Finally, BSW Wealth Partners increased its stake in shares of MicroVision by 33.3% during the third quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after purchasing an additional 100,000 shares in the last quarter. 30.90% of the stock is owned by institutional investors.

MicroVision Price Performance

MVIS stock opened at $0.82 on Friday. MicroVision has a 1 year low of $0.80 and a 1 year high of $2.98. The company has a market cap of $178.83 million, a P/E ratio of -1.99 and a beta of 2.96. The firm has a 50-day moving average of $1.02 and a 200 day moving average of $1.04.

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.