Unpacking the Latest Options Trading Trends in ARM Holdings
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish trend in options trading for ARM Holdings (NASDAQ:ARM), with a significant move suggesting a big event on the horizon. Benzinga's options scanner revealed 25 extraordinary activities, with a bullish sentiment from 56% of investors. The trading activity predicts ARM's price to range between $60.0 and $82.0 in the next three months. Currently, ARM's stock is up by 2.35%, trading at $74.99, with an anticipated earnings release in 1 day. Keybanc maintains an Overweight rating with a target price of $75.
February 06, 2024 | 7:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Deep-pocketed investors have shown a bullish trend in options trading for ARM Holdings, predicting a price range between $60.0 and $82.0 in the next three months. Currently, ARM's stock is up by 2.35%, trading at $74.99, with an anticipated earnings release in 1 day. Keybanc maintains an Overweight rating with a target price of $75.
The bullish trend in options trading, combined with the current stock performance and the upcoming earnings release, suggests a positive short-term impact on ARM Holdings' stock price. The analyst rating from Keybanc supports this outlook, indicating a strong investor confidence in the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100