Check Out What Whales Are Doing With INTC
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Intel (NASDAQ:INTC), with 75% of recent trades reflecting bearish expectations. The trades include 2 puts worth $77,800 and 10 calls worth $656,084. The targeted price range for Intel over the last 3 months has been $27.5 to $45.0. The current price of INTC is down -0.71% at $34.77. Analysts' ratings vary, with Wolfe Research maintaining an Underperform rating and a price target of $31, while Tigress Financial has downgraded its action to Buy with a price target of $46.
August 09, 2023 | 3:16 pm
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A significant investor has taken a bearish stance on Intel. The targeted price range for Intel over the last 3 months has been $27.5 to $45.0. The current price of INTC is down -0.71% at $34.77.
The bearish stance taken by a significant investor, along with the majority of recent trades reflecting bearish expectations, suggests a potential downward pressure on Intel's stock price in the short term. The current price of INTC is already down, which aligns with this prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100