AutoZone Unusual Options Activity For October 30
Portfolio Pulse from Benzinga Insights
A significant bullish stance on AutoZone (NYSE:AZO) has been observed through unusual options activity. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The targeted price range for AutoZone over the last 3 months is from $1040.0 to $2750.0. TD Cowen downgraded its action to Outperform with a price target of $2975, Truist Securities maintained their Buy rating with a price target of $2863, and Oppenheimer downgraded its action to Perform with a price target of $2600.
October 30, 2023 | 7:45 pm
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Unusual options activity indicates a significant bullish stance on AutoZone. The sentiment among big-money traders is split between 54% bullish and 45% bearish. Analysts have mixed ratings with varying price targets.
The unusual options activity indicates that there is significant interest in AutoZone's stock, with a leaning towards a bullish stance. This could potentially drive the stock price up in the short term. However, the mixed analyst ratings suggest that there is some uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100