Check Out What Whales Are Doing With TMO
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Thermo Fisher Scientific (NYSE:TMO) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. Whales have been targeting a price range from $530.0 to $640.0 for TMO over the last 3 months. Credit Suisse has upgraded TMO to Outperform with a price target of $620.
July 25, 2023 | 8:31 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Thermo Fisher Scientific (TMO), with unusual options activity indicating a price target range of $530.0 to $640.0. Credit Suisse has upgraded TMO to Outperform with a price target of $620.
The bearish stance taken by a large investor or institution, as indicated by unusual options activity, suggests that there may be a negative outlook for TMO. This could potentially lead to a decrease in the stock's price in the short term. Additionally, the sentiment among big-money traders is more bearish than bullish, which could further impact the stock negatively. However, the upgrade by Credit Suisse to Outperform with a price target of $620 provides a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100