Qualcomm Unusual Options Activity For September 28
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Qualcomm (NASDAQ:QCOM), with 66% of recent trades being bullish and 33% bearish. The total amount for puts is $460,455 and for calls is $193,091. Whales have been targeting a price range from $70.0 to $115.0 for Qualcomm over the last 3 months. Wells Fargo maintains an Underweight rating on Qualcomm with a price target of $100, while Keybanc and Rosenblatt have downgraded their actions to Overweight and Buy with price targets of $145.
September 28, 2023 | 3:32 pm
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Bullish stance on Qualcomm with majority of recent trades being bullish. Whales targeting a price range from $70.0 to $115.0. Mixed analyst ratings with Wells Fargo maintaining Underweight rating and Keybanc and Rosenblatt downgrading to Overweight and Buy.
The bullish stance by a significant investor and the targeted price range indicates a positive outlook for Qualcomm. However, the mixed analyst ratings could create some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100