Looking At Intel's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Intel (NASDAQ:INTC), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $25.0 to $40.0 for Intel over the last 3 months. The price of INTC is currently up 1.18% at $34.77. Several research firms have downgraded their ratings on Intel, with price targets ranging from $27 to $35.
July 27, 2023 | 2:03 pm
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NEGATIVE IMPACT
Intel has seen unusual options activity, with a majority of investors taking a bearish stance. The stock price is currently up, but several research firms have downgraded their ratings on Intel.
The bearish sentiment in the options activity, combined with the downgraded ratings from several research firms, suggests a potential negative impact on Intel's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100