DexCom Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on DexCom (NASDAQ:DXCM) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $90.0 to $100.0 for DexCom over the last 3 months. The price of DXCM is currently down -4.28% at $97.2. Despite this, UBS, Baird, and Raymond James have maintained their positive ratings on DexCom.
September 15, 2023 | 3:16 pm
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A large investor has taken a bearish stance on DexCom, with the sentiment among big-money traders being 70% bearish. Despite the current price drop, UBS, Baird, and Raymond James have maintained their positive ratings on DexCom.
The unusual options activity indicates a significant bearish sentiment towards DexCom. This, combined with the current price drop, could potentially lead to a short-term decrease in the stock price. However, the positive ratings maintained by UBS, Baird, and Raymond James suggest that the company's fundamentals remain strong, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100