Looking At Seagen's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Seagen (NASDAQ:SGEN) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $190.0 to $220.0 for Seagen over the last 3 months. Currently, the price of SGEN is up 0.66% at $214.22. Truist Securities downgraded its action to Hold with a price target of $229.
November 01, 2023 | 5:46 pm
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Seagen has seen unusual options activity with a bearish sentiment. The stock is currently up 0.66% at $214.22. Truist Securities has downgraded its action to Hold with a price target of $229.
The unusual options activity, particularly the bearish sentiment, indicates that big-money traders are expecting the stock price to decrease. This, coupled with the downgrade from Truist Securities, could negatively impact the stock price in the short term.
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