Amazon.com Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Amazon.com (NASDAQ:AMZN), with a mix of bullish and bearish stances. The majority of the trades are calls, with a total amount of $1,599,440, while puts amount to $489,127. The targeted price range for Amazon.com over the last 3 months is from $54.0 to $160.0. Analysts from B of A Securities and Roth MKM maintain a Buy rating on Amazon.com, while JP Morgan and Wells Fargo have downgraded their actions to Overweight.
July 03, 2023 | 3:47 pm
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Amazon.com has seen significant unusual options activity, with a mix of bullish and bearish stances. The majority of the trades are calls. Analysts have mixed ratings on the stock.
The unusual options activity indicates that there is significant interest in Amazon.com's stock, which could lead to increased volatility. The mixed analyst ratings suggest uncertainty about the company's future performance. This could potentially impact the stock's price in the short term, but it's unclear whether the impact will be positive or negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100