Newmont Unusual Options Activity For November 09
Portfolio Pulse from Benzinga Insights
There has been unusual options activity for Newmont (NYSE:NEM) with deep-pocketed investors adopting a bullish approach. The options scanner at Benzinga highlighted 12 extraordinary options activities for Newmont. The sentiment among these investors is divided, with 50% leaning bullish and 50% bearish. The whales have been targeting a price range from $27.5 to $50.0 for Newmont over the last 3 months. The current price of NEM is down -0.37% at $34.65. An analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $58.
November 09, 2023 | 6:03 pm
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Unusual options activity for Newmont (NYSE:NEM) suggests a bullish approach by some investors. The current price of NEM is down -0.37% at $34.65. An analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $58.
The unusual options activity suggests that some investors are bullish on Newmont. This, combined with the fact that an analyst from BMO Capital has downgraded its rating to Outperform with a price target of $58, suggests that the stock may see an upward movement in the short term.
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