Looking At American Tower's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for American Tower (NYSE:AMT), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 72% bullish and 27% bearish. The price target range for American Tower over the last 3 months has been $185.0 to $200.0. Wells Fargo maintains an Overweight rating on American Tower with a price target of $215, while BMO Capital downgraded its action to Outperform with a price target of $230.
July 26, 2023 | 7:16 pm
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Unusual options activity indicates a bullish stance on American Tower. The price target range has been $185.0 to $200.0 over the last 3 months.
The unusual options activity, with a large position indicating a bullish stance, suggests that investors are expecting the stock price to rise. The price target range of $185.0 to $200.0 over the last 3 months further supports this expectation. Additionally, positive analyst ratings from Wells Fargo and BMO Capital could also contribute to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100