This Is What Whales Are Betting On Taiwan Semiconductor
Portfolio Pulse from Benzinga Insights
Large investors have taken a bearish stance on Taiwan Semiconductor (NYSE:TSM), with 90% of the big-money trades being bearish. The options scanner at Benzinga spotted 10 uncommon options trades for TSM, with 2 puts and 8 calls. The whales have been targeting a price range from $82.0 to $120.0 for TSM over the last 3 months. The current price of TSM is $92.76, up by 0.83%. An analyst from Needham has downgraded its action to Buy with a price target of $115.
November 09, 2023 | 5:18 pm
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Large investors are bearish on TSM, with 90% of big-money trades being bearish. The current price is $92.76, up by 0.83%. Needham has downgraded its action to Buy with a price target of $115.
The bearish stance of large investors, which make up 90% of the big-money trades, indicates a potential downward pressure on the stock price. The downgrade by Needham also suggests a cautious outlook. However, the current price is up by 0.83%, indicating some positive sentiment in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100