Qualcomm Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Qualcomm (NASDAQ:QCOM) has been observed through unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $115.0 to $135.0 for Qualcomm over the last 3 months. Currently, QCOM's price is up 1.71% at $131.69. Wolfe Research has downgraded its action to Outperform with a price target of $145, while Susquehanna maintains a Positive rating with the same price target.
July 31, 2023 | 2:31 pm
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Unusual options activity indicates a significant bullish stance on Qualcomm. The sentiment among these traders is split 50% bullish and 50% bearish. The current price is up 1.71% at $131.69.
The unusual options activity indicates that there is significant interest in Qualcomm's stock, with a bullish stance being taken. This could potentially drive the stock price up in the short term. The sentiment among these traders is split evenly between bullish and bearish, indicating uncertainty in the market. However, the current price increase and the positive ratings from Wolfe Research and Susquehanna suggest a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100