Looking At Analog Devices's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity shows a bearish stance on Analog Devices (NASDAQ:ADI), with 63% of investors having bearish expectations. Whales have been targeting a price range of $145 to $200 for the company over the last 3 months. The stock is currently down 2.23% at $175.79, with RSI indicators suggesting a neutral position.
June 05, 2023 | 5:17 pm
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Bearish options activity detected for Analog Devices (NASDAQ:ADI), with 63% of investors having bearish expectations. The stock is currently down 2.23% at $175.79.
The article highlights unusual options activity with a predominantly bearish stance on Analog Devices. This suggests that investors are expecting the stock price to decline in the short term. The current stock price is down 2.23% at $175.79, which supports the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100