Amazon.com Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Amazon.com (NASDAQ:AMZN) has been observed through unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 59% bearish. The whales have been targeting a price range from $70.0 to $200.0 for Amazon.com over the last 3 months. Current price of AMZN is $138.12. JP Morgan, Needham, and Barclays maintain positive ratings on Amazon, while Exane BNP Paribas and Wedbush have neutral ratings.
September 01, 2023 | 8:18 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish sentiment on Amazon.com. The targeted price range by big-money traders is between $70 and $200. Current price is $138.12. Mixed ratings from experts.
The unusual options activity, with a bearish sentiment, indicates that there might be a potential downside for Amazon's stock in the short term. This is further supported by the targeted price range which is significantly lower than the current price. However, the mixed ratings from experts add some uncertainty to the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100