AutoZone Unusual Options Activity For October 19
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on AutoZone (NYSE:AZO) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $2200.0 to $2700.0 for AutoZone over the last 3 months. The price of AZO is currently down -3.49% at $2537.55. Analysts from Oppenheimer, JP Morgan, Truist Securities, and DA Davidson have provided their ratings and price targets.

October 19, 2023 | 3:18 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on AutoZone. The price of AZO is currently down -3.49% at $2537.55.
The unusual options activity, with a majority being bearish, indicates that there might be a negative sentiment towards AutoZone. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100