Qualcomm Unusual Options Activity For July 24
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Qualcomm (NASDAQ:QCOM), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $117.0 to $130.0 for Qualcomm over the last 3 months. Currently, the price of QCOM is down -1.22% at $123.2. Wolfe Research has downgraded its action to Outperform with a price target of $145.
July 24, 2023 | 4:01 pm
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Unusual options activity indicates a bullish stance on Qualcomm. The price of QCOM is currently down -1.22% at $123.2. Wolfe Research has downgraded its action to Outperform with a price target of $145.
The unusual options activity, with a large bullish position, indicates that big-money traders are expecting the price of Qualcomm to rise. This, combined with the Wolfe Research's downgrade to Outperform with a price target of $145, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100