Looking At Qualcomm's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Qualcomm (NASDAQ:QCOM), with a large bearish position being taken. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The price target for Qualcomm over the last 3 months has been between $95.0 to $135.0. Analysts from Susquehanna, Morgan Stanley, Daiwa Capital, and Piper Sandler have maintained positive ratings on Qualcomm, with price targets ranging from $125 to $145.
August 21, 2023 | 3:46 pm
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Unusual options activity observed for Qualcomm, with a large bearish position being taken. Analysts maintain positive ratings with price targets from $125 to $145.
The unusual options activity indicates that some investors are expecting a price drop in Qualcomm's stock. However, the positive ratings and high price targets from analysts suggest a positive outlook for the company. The impact on the stock price in the short term is uncertain due to these conflicting signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100