Newmont Unusual Options Activity For June 01
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Newmont (NYSE:NEM) with 70% of detected unusual options trades being bearish. Whales have been targeting a price range of $30.0 to $43.0 for Newmont over the last 3 months. The stock is currently up 5.06% at $42.6, and RSI indicators suggest it may be approaching oversold.
June 01, 2023 | 4:17 pm
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Newmont (NYSE:NEM) sees 70% bearish unusual options trades, with whales targeting a price range of $30.0 to $43.0. The stock is up 5.06% at $42.6, and RSI indicators suggest it may be approaching oversold.
The article mentions that a whale has taken a bearish stance on Newmont, with 70% of the detected unusual options trades being bearish. This indicates that there is a significant amount of bearish sentiment among large investors, which could lead to downward pressure on the stock price in the short term. Additionally, the stock is currently up 5.06% at $42.6, and RSI indicators suggest it may be approaching oversold, which could also contribute to a potential decline in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100