Looking At Amgen's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Amgen (NASDAQ:AMGN) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $270.0 to $325.0 for Amgen over the last 3 months. The current price of AMGN is down -2.06% at $273.06. Several experts have given their ratings on Amgen, with Leerink Partners and Oppenheimer maintaining an Outperform rating, while B of A Securities and JP Morgan have downgraded to Neutral.
October 23, 2023 | 8:30 pm
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Unusual options activity indicates a significant bearish stance on Amgen. The current price is down and several experts have downgraded their ratings.
The unusual options activity, which is heavily bearish, indicates that large investors are expecting the price of Amgen to decrease. This, combined with the current price decrease and the downgrades from experts, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100