AutoZone Unusual Options Activity For September 25
Portfolio Pulse from Benzinga Insights
AutoZone (NYSE:AZO) has seen unusual options activity, with 80% of investors taking a bearish stance. The majority of trades are puts, totaling $234,340, with calls totaling $102,040. Whales have been targeting a price range from $2300.0 to $2750.0 for AutoZone over the last 3 months. The current price of AZO is up 0.19% at $2575.09. Analysts from JP Morgan, Barclays, Evercore ISI Group, DA Davidson, and Argus Research have maintained their ratings on AutoZone, with price targets ranging from $2500 to $2975.
September 25, 2023 | 7:32 pm
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AutoZone has seen unusual options activity, with a majority of investors taking a bearish stance. Analysts have maintained their ratings, with price targets ranging from $2500 to $2975.
The bearish stance taken by a majority of investors in the options market could potentially drive the stock price down in the short term. However, the maintained ratings and price targets by analysts suggest a positive outlook in the longer term.
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IMPORTANCE 80
RELEVANCE 100