Check Out What Whales Are Doing With APH
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Amphenol (NYSE:APH), as observed in publicly available options history. Benzinga's options scanner spotted 10 uncommon options trades for Amphenol, with 80% being bearish. Whales have been targeting a price range from $65.0 to $80.0 for Amphenol over the last 3 months. The price of APH is currently down -1.09% at $79.33. Truist Securities maintains their Buy rating on Amphenol with a price target of $97.
October 27, 2023 | 6:32 pm
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A large bearish position has been taken on Amphenol (NYSE:APH), with 80% of recent uncommon options trades being bearish. The current price is down -1.09% at $79.33. However, Truist Securities maintains their Buy rating with a price target of $97.
The large bearish position taken on Amphenol indicates that the market expects the stock price to decrease in the short term. This is further supported by the fact that 80% of recent uncommon options trades are bearish. However, Truist Securities maintains their Buy rating with a price target of $97, which suggests that they believe the stock is undervalued at its current price of $79.33.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100