Behind the Scenes of Advanced Micro Devices's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (NASDAQ:AMD) has seen a mix of bullish and bearish options trading activity, with a notable volume of trades predicting a price range of $145.0 to $200.0. The company, known for its CPUs and GPUs, has recently acquired FPGA leader Xilinx. Currently, AMD's stock is up by 1.37% at $168.11, with analysts giving mixed ratings but an average target price of $218.0.
April 05, 2024 | 2:31 pm
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POSITIVE IMPACT
Advanced Micro Devices has seen significant options trading activity, with a mix of bullish and bearish sentiments. The stock is currently up, and analysts have given it a favorable average target price of $218.0.
The mix of bullish and bearish options trading reflects varied investor sentiment, but the overall positive analyst ratings and the recent acquisition of Xilinx suggest a potential upside. The current uptrend in stock price, coupled with the anticipation of earnings release, further supports a short-term positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100