Cadence Design Sys Unusual Options Activity For May 25
Portfolio Pulse from Benzinga Insights
A whale has taken a bullish stance on Cadence Design Sys (NASDAQ:CDNS), with 66% of detected unusual options trades being bullish and 33% bearish. Whales have been targeting a price range of $210 to $250 for CDNS over the last 3 months. Deutsche Bank maintains a Buy rating with a price target of $230.
May 25, 2023 | 3:17 pm
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Whales have taken a bullish stance on Cadence Design Sys, with a majority of unusual options trades being bullish. The targeted price range is $210 to $250, and Deutsche Bank maintains a Buy rating with a $230 price target.
The article highlights a bullish stance taken by a whale on Cadence Design Sys, with 66% of detected unusual options trades being bullish. This indicates a positive sentiment towards the stock, which could lead to an increase in its price. Additionally, Deutsche Bank maintains a Buy rating on the stock with a price target of $230, further supporting the bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100