Newmont Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Newmont (NYSE:NEM) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 57% bullish and 42% bearish. Whales have been targeting a price range from $30.0 to $45.0 for Newmont over the last 3 months. The price of NEM is currently down -0.48% at $39.26. Jefferies has maintained their Hold rating on Newmont, with a price target of $38.
October 20, 2023 | 7:16 pm
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Unusual options activity indicates a bullish stance on Newmont. The price of NEM is currently down -0.48% at $39.26. Jefferies has maintained their Hold rating on Newmont, with a price target of $38.
The unusual options activity indicates that big-money traders are taking a bullish stance on Newmont. This could potentially drive the stock price up in the short term. However, the current price is down and Jefferies has maintained a Hold rating on the stock, indicating a neutral outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100