Intel Unusual Options Activity For August 04
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Intel (NASDAQ:INTC) has been observed through unusual options activity. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $28.0 to $41.0 for Intel over the last 3 months. The price of INTC is up 1.65% at $35.45. Analysts from UBS, Truist Securities, TD Cowen, and Wedbush maintain a Neutral rating on Intel, while Citigroup downgraded its action to Neutral with a price target of $29.
August 04, 2023 | 5:01 pm
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Unusual options activity indicates a bullish stance on Intel. The price of INTC is up 1.65% at $35.45. Analysts' ratings are mostly neutral.
The unusual options activity, which is heavily skewed towards calls, indicates a bullish sentiment among big-money traders. This could potentially drive the stock price up in the short term. The current price increase of 1.65% aligns with this sentiment. However, the neutral ratings from analysts suggest that there may not be significant changes in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100