Looking At Align Tech's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Align Tech (NASDAQ:ALGN), with a large position indicating a bullish stance. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The price target for Align Tech, based on volume and open interest, ranges from $195.0 to $380.0. Goldman Sachs and Morgan Stanley have maintained their Neutral and Overweight ratings on Align Tech, respectively.
August 10, 2023 | 6:16 pm
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NEUTRAL IMPACT
Unusual options activity observed for Align Tech, indicating a potential price movement. The sentiment among big-money traders is evenly split.
The unusual options activity, coupled with the split sentiment among big-money traders, suggests uncertainty about the short-term price direction of Align Tech. However, the maintained ratings from Goldman Sachs and Morgan Stanley could provide some stability.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100