Intel Unusual Options Activity For May 30
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected over 12 options trades for Intel (NASDAQ:INTC) totaling $662,160. Whales have been targeting a price range of $27.0 to $35.0 for Intel over the last 3 months. Goldman Sachs maintains a Sell rating on Intel with a price target of $27.

May 30, 2023 | 2:16 pm
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Intel sees over 12 options trades totaling $662,160. Whales target a $27-$35 price range. Goldman Sachs maintains a Sell rating with a $27 price target.
The news of the detected options trades and the maintained Sell rating by Goldman Sachs may not have a significant short-term impact on Intel's stock price. The price range targeted by whales ($27-$35) is quite broad, and the stock is currently trading within that range. The RSI indicators also suggest that the stock is neutral between overbought and oversold. Therefore, the short-term impact on Intel's stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100