IBM Unusual Options Activity For August 09
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for IBM (NYSE:IBM), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last 3 months is from $80.0 to $155.0. The current price of IBM is down -1.84% at $143.22. Analysts from BMO Capital, Morgan Stanley, Stifel, and B of A Securities have maintained their ratings on IBM, with price targets ranging from $135 to $160.
August 09, 2023 | 5:15 pm
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IBM has seen unusual options activity, with a majority of investors taking a bearish stance. The stock price is currently down -1.84% at $143.22. Analysts have maintained their ratings, with price targets ranging from $135 to $160.
The bearish stance taken by a majority of investors in the unusual options activity could potentially drive the stock price down in the short term. The current price of IBM is already down -1.84%. However, analysts have maintained their ratings on IBM, indicating a level of confidence in the company's performance. The price targets set by these analysts range from $135 to $160, which suggests a potential for both decrease and increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100