Looking At ON Semiconductor's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for ON Semiconductor (NASDAQ:ON), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The price target for ON Semiconductor over the last 3 months has been between $45.0 to $120.0. The current price of ON is down -2.17% at $90.86. Analysts from Susquehanna, Baird, Goldman Sachs, Mizuho, and Keybanc have maintained their positive ratings on ON Semiconductor.
August 24, 2023 | 6:17 pm
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ON Semiconductor has seen unusual options activity, with a large bullish position. The stock's price is currently down, but analysts maintain positive ratings.
The unusual options activity, particularly the large bullish position, indicates that some investors expect the stock's price to rise. This is further supported by the positive ratings from analysts. However, the current price drop may create some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100