Check Out What Whales Are Doing With AMGN
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Amgen (NASDAQ:AMGN) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $245.0 to $320.0 for Amgen over the last 3 months. Argus Research and Oppenheimer maintain their 'Buy' and 'Outperform' ratings respectively, while Leerink Partners upgraded its action to 'Outperform' and B of A Securities downgraded its action to 'Neutral'.
October 12, 2023 | 4:01 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Amgen, with unusual options activity indicating a potential price movement. Analysts have mixed opinions, with some maintaining positive ratings while others have downgraded their stance.
The bearish stance taken by a large investor, indicated by unusual options activity, could potentially drive the stock price down in the short term. The mixed analyst ratings further add to the uncertainty around the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100