Amazon.com Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Amazon.com (NASDAQ:AMZN), with a mix of bullish and bearish stances. The majority of the trades are bearish, with whales targeting a price range from $100.0 to $150.0 over the last 3 months. The current price of AMZN is $134.19, down -0.04%. Several financial firms have maintained or downgraded their ratings on Amazon, with price targets ranging from $160 to $185.
August 23, 2023 | 1:46 pm
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Unusual options activity has been detected for Amazon.com, with a majority of bearish trades. The current price of AMZN is $134.19, down -0.04%. Several financial firms have maintained or downgraded their ratings on Amazon, with price targets ranging from $160 to $185.
The unusual options activity, with a majority of bearish trades, indicates that investors are expecting the price of Amazon.com to decrease. This, combined with the slight decrease in the current price of AMZN, suggests a negative short-term impact on the stock. Additionally, while several financial firms have maintained their ratings on Amazon, the fact that one has downgraded its rating could also negatively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100