Amgen Unusual Options Activity For October 17
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Amgen (NASDAQ:AMGN), with a majority of investors taking a bearish stance. The trades indicate that whales have been targeting a price range from $240.0 to $320.0 for Amgen over the last 3 months. The current price of AMGN is down -1.19% at $283.48. Analysts from Oppenheimer, B of A Securities, Jefferies, and Argus Research have given varied ratings and price targets for the stock.

October 17, 2023 | 7:31 pm
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Amgen has seen unusual options activity, with a majority of investors taking a bearish stance. The stock's price is currently down, and analysts have given varied ratings and price targets.
The unusual options activity, majority of which is bearish, indicates that investors are expecting the stock price to decrease. This, combined with the current downward trend in the stock's price, suggests a negative short-term impact. The varied analyst ratings and price targets also add to the uncertainty surrounding the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100