Taiwan Semiconductor Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The price of TSM is up 2.96% at $90.4. Needham downgraded its action to Buy with a price target of $115.
November 02, 2023 | 6:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Taiwan Semiconductor. The price of TSM is up 2.96% at $90.4. Needham downgraded its action to Buy with a price target of $115.
The unusual options activity, with a 60% bearish sentiment, indicates that big-money traders are expecting a potential drop in TSM's stock price. This, coupled with the downgrade by Needham, could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100