Intel Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Intel (NASDAQ:INTC) has been observed through unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $25.0 to $42.0 for Intel over the last 3 months. Roth MKM and Rosenblatt have downgraded their actions on Intel to Neutral and Sell respectively, with price targets of $35 and $17.
September 25, 2023 | 6:17 pm
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Intel has seen unusual options activity with a bearish sentiment. The company's stock has been downgraded by Roth MKM and Rosenblatt to Neutral and Sell respectively.
The unusual options activity, particularly the bearish sentiment, indicates that investors are expecting the stock price to decrease. This is further supported by the downgrades from Roth MKM and Rosenblatt. These factors are likely to have a negative impact on Intel's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100