Looking At Analog Devices's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Analog Devices (NASDAQ:ADI), with a majority of investors taking a bearish stance. The targeted price range for the company over the last three months has been between $155.0 and $192.5. The current price of ADI is $193.11, up 0.34%, and RSI indicators suggest the stock may be approaching overbought territory. The next earnings report is expected in 20 days.
August 04, 2023 | 2:01 pm
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Analog Devices has seen significant unusual options activity, with a majority of investors taking a bearish stance. The stock may be approaching overbought territory according to RSI indicators.
The bearish sentiment observed in the unusual options activity, coupled with the RSI indicators suggesting the stock may be overbought, could potentially lead to a short-term decrease in the stock price of Analog Devices.
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