Check Out What Whales Are Doing With TSM
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Taiwan Semiconductor (NYSE:TSM) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The targeted price range for TSM over the last 3 months is between $90.0 and $155.0. Needham and Susquehanna have maintained their Buy and Positive ratings on TSM respectively, with price targets of $115 and $135.
August 04, 2023 | 10:32 am
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Unusual options activity indicates a significant bullish stance on Taiwan Semiconductor. The sentiment among big-money traders is split 50% bullish and 50% bearish. The targeted price range for TSM over the last 3 months is between $90.0 and $155.0.
The unusual options activity, with a significant amount of money involved, indicates that a large investor or institution is taking a bullish stance on TSM. This could potentially drive the stock price up in the short term. However, the sentiment among these big-money traders is split 50% bullish and 50% bearish, which adds some uncertainty to the potential impact. The price targets set by Needham and Susquehanna further support the bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100