Looking At Amgen's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Amgen (NASDAQ:AMGN) with 36 uncommon options trades spotted, the majority of which are calls. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The price range targeted by these traders for Amgen over the last 3 months is from $115.0 to $260.0. The current price of AMGN is $260.44. Analysts from RBC Capital, Credit Suisse, Barclays, and Oppenheimer have maintained their ratings on Amgen with price targets of $253, $200, $210, and $280 respectively.
August 09, 2023 | 5:30 pm
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A significant bullish stance has been taken on Amgen with majority of the uncommon options trades being calls. Analysts have maintained their ratings with varying price targets.
The bullish stance taken by big-money traders and the majority of the uncommon options trades being calls indicate a positive sentiment towards Amgen. This, coupled with the maintained ratings from analysts, suggests a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100