This Is What Whales Are Betting On ON Semiconductor
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on ON Semiconductor (NASDAQ:ON), with 72% of detected trades being bearish. The trades include 7 puts totaling $597,535 and 4 calls totaling $244,970. The targeted price range for ON Semiconductor over the last 3 months is from $80.0 to $96.0. The current price of ON is $96.69, down -0.14%.
September 14, 2023 | 5:17 pm
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NEGATIVE IMPACT
Bearish stance taken on ON Semiconductor with majority of trades being bearish. The targeted price range is from $80.0 to $96.0.
The bearish stance taken by a significant investor, along with the majority of trades being bearish, indicates a potential downward pressure on the stock price. The targeted price range also suggests that the investor expects the price to decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100