Unpacking the Latest Options Trading Trends in Bristol-Myers Squibb
Portfolio Pulse from Benzinga Insights
Bristol-Myers Squibb (NYSE:BMY) has seen significant options trading activity, with a bullish sentiment from big-money traders. The trading volume and open interest suggest a focus on a price band between $45.0 and $60.0. Recent trades include both puts and calls, with a notable split in sentiment. Analysts have set an average target price of $52.5, with mixed ratings from Wells Fargo and Redburn Atlantic. The company's stock is currently neutral with a slight increase in price.
February 09, 2024 | 7:45 pm
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Bristol-Myers Squibb has seen a bullish sentiment from big-money traders in options trading, with a focus on a price band between $45.0 and $60.0. Analysts have an average target price of $52.5, with mixed ratings.
The significant options trading activity, particularly the bullish sentiment from big-money traders, suggests a positive outlook for BMY's stock price in the short term. The focus on a price band between $45.0 and $60.0, along with the average target price of $52.5 set by analysts, supports this view. However, the mixed ratings from analysts indicate some uncertainty, which is reflected in the confidence score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100