Super Micro Computer Unusual Options Activity For February 21
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors show a bearish sentiment towards Super Micro Computer (NASDAQ:SMCI), with unusual options activity detected. The activity includes 81 options trades, with a bearish majority. Price targets range between $310 and $1560. SMCI's current market standing shows a 4.77% decrease in price to $750, with neutral RSI indicators. Analyst opinions vary, with an average target price of $838.2. The company specializes in high-performance server technology, with significant revenue from the US.
February 21, 2024 | 3:30 pm
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NEGATIVE IMPACT
Unusual options activity and a bearish sentiment among investors could indicate potential volatility for SMCI. Analysts' average target price suggests a mixed outlook.
The bearish sentiment among deep-pocketed investors, highlighted by unusual options activity, suggests a potential short-term downside for SMCI. However, the mixed analyst ratings and the average target price above the current market price indicate uncertainty, which could lead to increased volatility.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100