AutoZone Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on AutoZone (NYSE:AZO), with 81% of the spotted trades being bearish and 18% bullish. The trades include 9 puts amounting to $426,544 and 2 calls amounting to $146,200. The targeted price range for AutoZone over the last 3 months is from $1760.0 to $2700.0. The current price of AZO is down -1.58% at $2466.34.
July 20, 2023 | 4:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A significant investor has taken a bearish stance on AutoZone. The targeted price range for AutoZone over the last 3 months is from $1760.0 to $2700.0. The current price of AZO is down -1.58% at $2466.34.
The bearish stance taken by a significant investor, along with the high volume of bearish trades, indicates a potential downward pressure on AutoZone's stock price in the short term. The current price is already down, which aligns with this prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100