IBM Unusual Options Activity For September 26
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for IBM (NYSE:IBM), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $1,091,161 and for calls was $360,439. Whales have been targeting a price range from $60.0 to $150.0 for IBM over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $188.
September 26, 2023 | 8:30 pm
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Unusual options activity has been detected for IBM, with a bearish stance being taken by a majority of investors. RBC Capital has downgraded its action to Outperform with a price target of $188.
The bearish stance taken by a majority of investors in the unusual options activity could potentially lead to a decrease in IBM's stock price. Additionally, the downgrade by RBC Capital could also negatively impact the stock price.
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