Looking At Qualcomm's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Qualcomm (NASDAQ:QCOM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 34% bullish and 65% bearish. The whales have been targeting a price range from $70.0 to $160.0 for Qualcomm over the last 3 months. Susquehanna has maintained their Positive rating on Qualcomm, with a price target of $130.
October 24, 2023 | 7:03 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Qualcomm. The sentiment among big-money traders is 65% bearish.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting Qualcomm's stock price to decrease. This could potentially lead to a short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100