Qualcomm Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Qualcomm (NASDAQ:QCOM) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $100.0 to $120.0 for Qualcomm over the last 3 months. Currently, the price of QCOM is down -1.6% at $114.68. Mizuho and Daiwa Capital have downgraded their actions to Buy and Outperform with price targets of $140 and $125 respectively.
September 06, 2023 | 8:46 pm
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NEGATIVE IMPACT
A large investor has taken a significant bearish stance on Qualcomm, with the sentiment among big-money traders being 75% bearish. The price of QCOM is currently down -1.6%. Mizuho and Daiwa Capital have downgraded their actions with price targets of $140 and $125 respectively.
The bearish sentiment observed in the unusual options activity indicates that the investor expects the price of QCOM to fall. This, coupled with the current price drop of -1.6% and the downgraded actions by Mizuho and Daiwa Capital, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100