BioNTech Unusual Options Activity For August 30
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for BioNTech (NASDAQ:BNTX) with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 options trades for BioNTech, with the sentiment of these big-money traders split between 36% bullish and 63% bearish. Whales have been targeting a price range from $80.0 to $165.0 for BioNTech over the last 3 months. Morgan Stanley and HC Wainwright & Co. have maintained their ratings on BioNTech with price targets of $116 and $180 respectively.
August 30, 2023 | 7:01 pm
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Unusual bearish options activity has been observed for BioNTech. The sentiment of big-money traders is split between 36% bullish and 63% bearish. Analysts from Morgan Stanley and HC Wainwright & Co. have maintained their ratings with price targets of $116 and $180 respectively.
The unusual bearish options activity indicates that large investors are expecting the price of BioNTech to decrease. This, combined with the bearish sentiment of 63% among big-money traders, suggests a potential short-term negative impact on the stock. However, the maintained ratings and price targets from Morgan Stanley and HC Wainwright & Co. provide some counterbalance, indicating that the stock still has potential in the eyes of these analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100