AutoZone Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on AutoZone (NYSE:AZO), with 72% of recent trades being bearish and 27% bullish. The trades include 8 puts totaling $378,170 and 3 calls totaling $156,950. The targeted price range for AutoZone over the last 3 months has been $2300.0 to $2800.0. The current price of AZO is up 2.8% at $2544.54. Several financial institutions have maintained their positive ratings on AutoZone, with price targets ranging from $2670 to $3006.
September 20, 2023 | 2:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A significant investor has taken a bearish stance on AutoZone, with the majority of recent trades being bearish. The current price of AZO is up 2.8% at $2544.54. Several financial institutions have maintained their positive ratings on AutoZone.
The bearish stance taken by a significant investor, indicated by the majority of recent trades being bearish, could potentially drive the stock price down in the short term. However, several financial institutions have maintained their positive ratings on AutoZone, which could counteract this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100