Moderna Unusual Options Activity For October 12
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Moderna (NASDAQ:MRNA) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $79.0 to $150.0 for Moderna over the last 3 months. Argus Research maintains their Buy rating on Moderna, with a price target of $140.
October 12, 2023 | 6:22 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Moderna. The sentiment among big-money traders is 60% bearish, which could potentially impact the stock price.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Moderna to decrease. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100