Taiwan Semiconductor Unusual Options Activity For August 14
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Taiwan Semiconductor (NYSE:TSM), with a majority of investors taking a bullish stance. The trades indicate a targeted price range of $80.0 to $101.0 for TSM over the last 3 months. The current price of TSM is $92.84, up 0.92%. Needham has downgraded its action to Buy with a price target of $118, but maintains a Buy rating with a price target of $115.
August 14, 2023 | 4:31 pm
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POSITIVE IMPACT
Unusual options activity and bullish sentiment among investors could potentially drive the price of TSM up in the short term. Needham's downgrade to Buy with a price target of $118 and maintained Buy rating with a price target of $115 also indicate positive outlook.
The bullish sentiment among investors, indicated by the unusual options activity, could potentially drive the price of TSM up in the short term. Additionally, Needham's downgrade to Buy with a price target of $118 and maintained Buy rating with a price target of $115 also indicate a positive outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100