Vertex Pharmaceuticals Unusual Options Activity For July 17
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Vertex Pharmaceuticals (NASDAQ:VRTX), with a large position indicating a bullish stance. The activity includes 10 uncommon options trades, split between 60% bullish and 40% bearish. The targeted price range for Vertex Pharmaceuticals over the last 3 months is from $240.0 to $400.0. The current price of VRTX is up 1.09% at $356.6. Several financial institutions have recently updated their ratings and price targets for VRTX.
July 17, 2023 | 4:31 pm
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Unusual options activity indicates a bullish stance on Vertex Pharmaceuticals. The targeted price range is from $240.0 to $400.0. The current price of VRTX is up 1.09% at $356.6.
The unusual options activity, with a large position indicating a bullish stance, suggests that there is a high expectation of an increase in the price of Vertex Pharmaceuticals. This is further supported by the targeted price range of $240.0 to $400.0, which is higher than the current price of $356.6. The recent upgrades in ratings and price targets by several financial institutions also support this expectation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100