BioNTech Unusual Options Activity For August 21
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for BioNTech (NASDAQ:BNTX), with a large position indicating a bullish stance. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $90.0 to $130.0 for BioNTech over the last 3 months. The price of BNTX is up 6.5% at $117.53. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $119, while HC Wainwright & Co. maintains a Buy rating with a price target of $180.
August 21, 2023 | 8:31 pm
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Unusual options activity indicates a bullish stance on BioNTech. The stock price is up 6.5% at $117.53. Analysts have mixed ratings with price targets ranging from $116 to $180.
The unusual options activity, particularly the large bullish position, indicates that some investors expect BioNTech's stock price to rise. This is further supported by the stock's recent increase of 6.5%. However, analysts have mixed views on the stock, with Morgan Stanley downgrading its rating to Equal-Weight and a price target of $119, while HC Wainwright & Co. maintains a Buy rating with a higher price target of $180. These factors could lead to increased volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100