Check Out What Whales Are Doing With AMGN
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Amgen (NASDAQ:AMGN) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $210.0 to $280.0 for Amgen over the last 3 months. The price of AMGN is up 2.45% at $270.79. Truist Securities downgraded its action to Hold with a price target of $260, Argus Research maintained their Buy rating with a price target of $280, and HSBC downgraded its action to Buy with a price target of $320.
September 20, 2023 | 4:16 pm
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A large investor has taken a bearish stance on Amgen, with unusual options activity indicating a price target range of $210 to $280. The stock is currently up 2.45% at $270.79.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests that there may be a downward pressure on the stock price in the short term. This is further supported by the fact that the stock is currently trading near the upper end of the price target range indicated by the options activity. Additionally, the stock is currently up, which may make it more susceptible to a correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100