ARM Holdings Unusual Options Activity
Portfolio Pulse from Benzinga Insights
ARM Holdings (NASDAQ:ARM) has seen significant options trading activity, with a bearish sentiment prevailing among financial giants. Analysis of 13 unusual trades revealed a bearish bias, despite 38% of traders being bullish. The options trades suggest a price target range of $100.0 to $162.5 for ARM. The company, a major player in smartphone CPU cores and other battery-powered devices, has its stock currently down -1.49% at $124.45. Analyst ratings in the last month have varied, with an average target price of $109.33.
April 15, 2024 | 2:31 pm
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ARM Holdings has experienced unusual options activity indicating a bearish outlook, despite a mixed sentiment among analysts. The stock is currently down, with a short-term price target range identified between $100 and $162.5.
The bearish options activity, combined with the current stock price decline and the mixed analyst ratings, suggests a negative short-term outlook for ARM Holdings. The significant options trades and the analysts' target prices provide a clear indication of market sentiment and potential price movement direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100