Wolfspeed Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Investors and traders have shown a significant interest in Wolfspeed (NYSE:WOLF) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 13 unusual options trades, indicating a split sentiment with 46% bullish and 38% bearish. The trades include 8 puts and 5 calls, targeting a price window of $12.5 to $30.0 for Wolfspeed. The company, specializing in wide bandgap semiconductors, saw its stock price decrease by -2.59%, with a current price of $23.32. Analysts have set an average price target of $31.0, with mixed ratings from Deutsche Bank, Mizuho, Susquehanna, and JP Morgan.

April 23, 2024 | 4:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Wolfspeed has seen significant options trading activity, indicating investor interest and potential volatility. The stock price is currently down, with analysts providing mixed ratings and an average price target of $31.0.
The unusual options activity, combined with the current stock price decrease and the upcoming earnings report, suggests potential short-term volatility. However, the mixed analyst ratings and the average price target above the current stock price introduce uncertainty regarding the direction. Therefore, the impact score is neutral, reflecting the balance between potential upside and downside risks.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100