Advanced Micro Devices Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $100.0 to $120.0 for AMD over the last 3 months. Several experts have maintained or upgraded their ratings on AMD, with price targets ranging from $130 to $160.
July 25, 2023 | 2:03 pm
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Unusual options activity indicates a significant bearish stance on AMD by a large investor. However, several experts have maintained or upgraded their ratings on AMD, with price targets ranging from $130 to $160.
The bearish stance taken by a large investor through options trading could potentially drive the stock price down in the short term. However, the maintained or upgraded ratings by experts, with higher price targets, could counteract this bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100