Looking At Amgen's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Amgen (NASDAQ:AMGN), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $125.0 and $275.0. The current price of AMGN is $265.55, up 0.2%. RBC Capital, Oppenheimer, Jefferies, and Mizuho have maintained their ratings on Amgen, with price targets of $253, $280, $310, and $223 respectively.
August 17, 2023 | 4:33 pm
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Amgen has seen unusual options activity, with a majority of investors taking a bearish stance. The stock's current price is $265.55, and analysts have maintained their ratings with varying price targets.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the price of Amgen to decrease. This, combined with the current price being close to the upper end of the targeted price range, suggests a potential downward pressure on the stock price. The ratings maintained by analysts further support this view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100