AutoZone Unusual Options Activity For September 15
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on AutoZone (NYSE:AZO) as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish. The whales have been targeting a price range from $1840.0 to $2800.0 for AutoZone over the last 3 months. The price of AZO is currently down -1.24% at $2544.09. Evercore ISI Group has maintained their Outperform rating on AutoZone, with a price target of $2670.
September 15, 2023 | 5:48 pm
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Unusual options activity indicates a bearish sentiment on AutoZone. The price of AZO is currently down, and the sentiment among big-money traders is 80% bearish. Evercore ISI Group has maintained their Outperform rating on AutoZone.
The unusual options activity, with 80% bearish sentiment among big-money traders, indicates a negative outlook for AutoZone. This, combined with the current price drop, suggests a potential short-term negative impact on the stock. However, Evercore ISI Group's maintained Outperform rating could mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100