American Tower Unusual Options Activity For September 21
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on American Tower (NYSE:AMT) with 93% of investors opening trades with bearish expectations. Of the total trades, 14 are puts amounting to $1,151,780 and 2 are calls amounting to $68,400. Whales have been targeting a price range from $155.0 to $220.0 for American Tower over the last 3 months. The price of AMT is down -4.56% at $169.32. Morgan Stanley maintains their Equal-Weight rating on American Tower with a price target of $212.
September 21, 2023 | 8:17 pm
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Bearish stance on American Tower with 93% bearish trades. The price of AMT is down -4.56% at $169.32. Morgan Stanley maintains their Equal-Weight rating with a price target of $212.
The bearish stance taken by a majority of investors, coupled with the current price drop, indicates a potential short-term negative impact on the stock. Morgan Stanley's maintained rating suggests they do not foresee a significant change in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100