Newmont Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Newmont (NYSE:NEM) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $30.0 to $45.0 for Newmont over the last 3 months. The current price of NEM is down -0.3% at $39.8. Jefferies has maintained their Hold rating on Newmont with a price target of $38.
October 19, 2023 | 8:01 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Newmont, which may impact the stock's performance.
The unusual options activity indicates that a large investor is expecting the price of Newmont to decrease. This bearish sentiment could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100