Amgen's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors have shown a mixed sentiment towards Amgen (NASDAQ:AMGN), with options trading revealing a split between bullish and bearish positions. Benzinga's options scanner identified 10 unusual trades, indicating a price target range of $250 to $305 for AMGN over the next three months. The trading volume and open interest in Amgen's options suggest significant investor interest. Analysts have varying opinions on AMGN, with an average target price of $323.25. The stock's current price is $275.77, slightly down with a potential overbought RSI indication.
May 02, 2024 | 5:31 pm
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Unusual options activity and mixed analyst ratings suggest a volatile short-term outlook for Amgen. Price targets range from $250 to $360, with current trading at $275.77.
The mixed sentiment from both options traders and analysts, combined with the current stock performance, suggests uncertainty in Amgen's short-term price direction. The significant options activity, especially the balance between puts and calls, along with the analysts' varied price targets, indicates that while there's potential for growth, there's also considerable risk.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100