Amazon.com Unusual Options Activity For July 06
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Amazon.com (NASDAQ:AMZN) has been observed through unusual options activity. The sentiment among these big-money traders is 75% bullish and 25% bearish. The whales have been targeting a price range from $115.0 to $155.0 for Amazon.com over the last 3 months. Several experts have maintained their Buy rating on Amazon.com with price targets ranging from $150 to $155.
July 06, 2023 | 2:03 pm
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Unusual options activity indicates a bullish stance on Amazon.com. Experts maintain a Buy rating with price targets from $150-$155.
The unusual options activity, which is heavily skewed towards a bullish sentiment, indicates that big-money traders are expecting the price of Amazon.com to increase. This is further supported by the maintained Buy ratings from several experts, suggesting a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100