Smart Money Is Betting Big In SMCI Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Super Micro Computer (NASDAQ:SMCI) based on unusual options activity detected by Benzinga. The activity includes both puts and calls with a price target range from $280 to $1000. SMCI's current market status shows a -1.99% price drop to $670, with analysts giving mixed ratings. The company specializes in high-performance server technology services.
February 08, 2024 | 3:31 pm
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Super Micro Computer (SMCI) is experiencing bearish sentiment from large investors, with unusual options activity and a current price drop. Analyst ratings are mixed, with a consensus target price of $500.2.
The bearish sentiment from large investors, indicated by the unusual options activity, suggests a potential short-term price decline for SMCI. The current price drop and mixed analyst ratings further support this outlook. The significant options trades, with a bearish majority, alongside the current market status and analyst perspectives, provide a comprehensive view of the potential short-term impact on SMCI's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100