Looking At Amgen's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Amgen (NASDAQ:AMGN), with a large position indicating a bullish stance. The activity includes 12 uncommon options trades, split between 58% bullish and 41% bearish. The whales have been targeting a price range from $220.0 to $235.0 for Amgen over the last 3 months. Credit Suisse, Oppenheimer, and Barclays have maintained their ratings on Amgen with price targets of $200, $280, and $210 respectively.
August 04, 2023 | 10:10 am
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POSITIVE IMPACT
Unusual options activity indicates a bullish stance on Amgen. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the large bullish position, indicates that investors are expecting the price of Amgen to rise. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100