Smart Money Is Betting Big In CCJ Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a significant bullish interest in Cameco (NYSE:CCJ) options, with a notable volume of trades indicating a target price range of $33.0 to $55.0. The analysis of options trades over the last 3 months reveals a 60% bullish and 40% bearish sentiment among big-money traders. Significant trades include bullish calls with strike prices ranging from $46.00 to $50.00. Cameco, a major uranium producer, has seen its stock price slightly increase by 0.25% to $47.8, with analysts from Goldman Sachs setting a target price of $55.0.
April 03, 2024 | 4:46 pm
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Cameco has attracted significant bullish interest from smart money investors in its options, with a target price range of $33.0 to $55.0. The stock price has slightly increased, and Goldman Sachs has set a target price of $55.0.
The significant bullish interest in Cameco's options by smart money investors, coupled with a recent analyst upgrade to a Buy rating and a target price of $55 by Goldman Sachs, suggests a positive short-term outlook for CCJ's stock price. The analysis of options trades indicates a strong belief in the stock's potential to reach or exceed the target price range, which is further supported by the stock's current upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100