Looking At Bristol-Myers Squibb's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Bristol-Myers Squibb (NYSE:BMY) 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 $30.0 to $57.5 for Bristol-Myers Squibb over the last 3 months. The price of BMY is currently up 1.18% at $51.62.
October 30, 2023 | 6:30 pm
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NEGATIVE IMPACT
A large investor has taken a significant bearish stance on Bristol-Myers Squibb, indicating potential downward pressure on the stock in the short term.
The unusual options activity, with a significant bearish sentiment, indicates that a large investor is expecting the price of Bristol-Myers Squibb to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100