Qualcomm Unusual Options Activity For November 03
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Qualcomm (NASDAQ:QCOM), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $75.0 to $145.0 for Qualcomm over the last 3 months. The price of QCOM is up 0.54% at $118.0. Morgan Stanley, Susquehanna, and JP Morgan have maintained their positive ratings on Qualcomm with price targets of $119, $130, and $140 respectively.
November 03, 2023 | 4:01 pm
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Unusual options activity has been detected for Qualcomm, with majority investors bullish. The price of QCOM is up 0.54% at $118.0. Positive ratings from Morgan Stanley, Susquehanna, and JP Morgan with price targets of $119, $130, and $140 respectively.
The unusual options activity, majority of which is bullish, indicates a positive sentiment among investors. This, coupled with the positive ratings and price targets from major financial institutions, suggests a potential upward movement for Qualcomm's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100