This Is What Whales Are Betting On Intel
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment on Intel (NASDAQ:INTC), with options data revealing a significant interest in the stock. Benzinga's tracking spotted 25 options trades, with a majority being bullish. The trades suggest a price target range for Intel between $37.5 and $55.0. Intel's current market performance shows a slight increase in stock price, with analysts giving an average target price of $48.67. The company is a leading chipmaker, expanding into new markets while maintaining its core microprocessor business.
April 01, 2024 | 2:46 pm
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High-rolling investors are bullish on Intel, with options trades suggesting a price target range of $37.5 to $55.0. Analysts average target price is $48.67, indicating a positive outlook.
The bullish sentiment among high-rolling investors, as evidenced by the options data, suggests a positive short-term impact on Intel's stock price. The significant interest in calls over puts, along with the analysts' target price, supports a potential increase in stock value.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100