Bristol-Myers Squibb Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Bristol-Myers Squibb (NYSE:BMY) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 40% bullish and 60% bearish. The whales have been targeting a price range from $60.0 to $75.0 for Bristol-Myers Squibb over the last 3 months. The current price of BMY is down -1.56% at $63.74. Truist Securities has downgraded its action to Buy with a price target of $84.
June 28, 2023 | 6:18 pm
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A large investor has taken a bearish stance on Bristol-Myers Squibb, with unusual options activity observed. The stock price is currently down -1.56% at $63.74.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests that there may be a belief that the stock price will decrease. This, combined with the current decrease in stock price, could potentially lead to a further decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100