Bristol-Myers Squibb Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Bristol-Myers Squibb (BMY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The targeted price range for BMY over the last 3 months is from $62.5 to $70.0. The company's stock price is currently down by 1.3% at $63.89. Several financial institutions have recently updated their ratings and price targets for BMY.
July 25, 2023 | 5:31 pm
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Bristol-Myers Squibb has seen unusual options activity, indicating a bearish stance by a large investor. The stock price is currently down by 1.3% at $63.89.
The unusual options activity, with a bearish sentiment, indicates that large investors are expecting the stock price to decrease. This, combined with the current decrease in stock price, suggests a negative short-term impact on BMY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100