Advanced Micro Devices Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 16% bullish and 83% bearish. The price range targeted by these investors for AMD over the last 3 months is $50.0 to $160.0. The current price of AMD is down -1.87% at $105.19. Analysts from Wedbush, Benchmark, Susquehanna, B of A Securities, and Morgan Stanley have maintained their ratings on AMD, with price targets ranging from $132 to $155.
August 17, 2023 | 3:16 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on AMD. The current price is down and analysts have maintained their ratings with varied price targets.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. The maintained ratings by analysts, however, suggest a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100