Check Out What Whales Are Doing With QCOM
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Qualcomm (NASDAQ:QCOM) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is split, with 33% bullish and 66% bearish. The targeted price range for Qualcomm over the last 3 months has been between $70.0 and $115.0. Susquehanna has maintained a positive rating on Qualcomm with a price target of $130.
October 30, 2023 | 5:01 pm
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Unusual options trading activity indicates a significant bearish stance on Qualcomm. The sentiment among big-money traders is 66% bearish.
The unusual options trading activity, with a significant bearish sentiment among big-money traders, indicates a potential negative impact on Qualcomm's stock price in the short term. This is further supported by the targeted price range of $70.0 to $115.0 for Qualcomm over the last 3 months, which is below the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100