Thermo Fisher Scientific Unusual Options Activity For July 28
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Thermo Fisher Scientific (NYSE:TMO) 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 whales have been targeting a price range from $530.0 to $620.0 for TMO over the last 3 months. Analysts from Wells Fargo, Baird, Credit Suisse, JP Morgan, and Morgan Stanley have given various ratings and price targets for TMO.
July 28, 2023 | 6:45 pm
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Unusual options activity indicates a bearish stance on Thermo Fisher Scientific. Analysts from various firms have given different ratings and price targets.
The unusual options activity, with a bearish sentiment, indicates that a large investor expects the price of TMO to decrease. This could potentially lead to a short-term decrease in the stock price. However, the varied ratings and price targets given by analysts suggest uncertainty in the market, which could impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100