Looking At ON Semiconductor's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on ON Semiconductor (NASDAQ:ON) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $70.0 to $92.0 for ON Semiconductor over the last 3 months. Exane BNP Paribas downgraded its action to Neutral with a price target of $95 while Morgan Stanley maintained their Equal-Weight rating with a price target of $110.
October 20, 2023 | 2:46 pm
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Unusual options activity indicates a bullish stance on ON Semiconductor. The sentiment of big-money traders is split between 54% bullish and 45% bearish. Analysts have mixed views.
The unusual options activity, with a significant bullish stance, indicates that there may be a positive movement in the stock price of ON Semiconductor. However, the sentiment of big-money traders is split, which adds some uncertainty. The mixed views from analysts also contribute to this uncertainty, but the overall impact is likely to be positive in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100