Newmont Unusual Options Activity For May 25
Portfolio Pulse from Benzinga Insights
A whale has taken a bullish stance on Newmont (NYSE:NEM) with unusual options activity. 50% of investors opened trades with bullish expectations and 50% with bearish. 3 puts amount to $270,706 and 7 calls amount to $534,562. Whales have been targeting a price range of $40 to $80 for Newmont over the last 3 months. BMO Capital maintains an Outperform rating with a price target of $65.
May 25, 2023 | 4:33 pm
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Newmont sees unusual options activity with a bullish stance from a whale. BMO Capital maintains an Outperform rating with a $65 price target.
The unusual options activity and the bullish stance from a whale indicate increased interest in Newmont. This, combined with BMO Capital's maintained Outperform rating and a $65 price target, suggests a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100