Advanced Micro Devices's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (NASDAQ:AMD) has seen a mix of bullish and bearish options trading, with a significant amount of money indicating a bearish stance. The trading activity suggests a price range target of $130 to $360 for AMD in the next three months. The company, known for its CPUs and GPUs, recently acquired FPGA leader Xilinx. Current trading volume is 7,082,136 with a slight price increase of 0.89% to $212.51. Analysts have mixed views, with an average target price of $203. Industry analysts from Mizuho, DZ Bank, Barclays, and Cantor Fitzgerald have provided ratings and target prices ranging from $190 to $235.
March 07, 2024 | 3:01 pm
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Advanced Micro Devices has seen mixed options trading activity, with a bearish tilt. Analysts have mixed views, with target prices ranging from $190 to $235. The company's recent acquisition of Xilinx and its current market performance could influence its stock price.
The mixed options trading activity, with a larger portion being bearish, suggests uncertainty about AMD's short-term price movement. However, the acquisition of Xilinx and the current market performance, along with analyst ratings, provide a complex picture that could lead to neutral short-term price movement. The relevance is high as AMD is the primary focus of the article, and the importance is marked at 90 due to the significant impact of trading activity and analyst opinions on stock price. The confidence level is at 80, reflecting the clear data provided but acknowledging the unpredictable nature of stock market reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100