Check Out What Whales Are Doing With AMGN
Portfolio Pulse from Benzinga Insights
Whale investors have shown a bullish stance on Amgen (NASDAQ:AMGN), with Benzinga's options scanner revealing 20 unusual options trades. The sentiment is split, with 50% bullish and 35% bearish, focusing on a price range of $140.0 to $320.0 for AMGN. The largest trades include both puts and calls, indicating diverse strategies. Amgen, a biotech leader with a broad therapeutic portfolio, has a current stock price of $309.98, with analysts giving mixed reviews but generally positive price targets up to $360.
May 06, 2024 | 2:17 pm
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POSITIVE IMPACT
Whale investors' bullish stance and unusual options activity indicate potential positive movement for AMGN, supported by optimistic analyst price targets.
The significant options activity, particularly the bullish sentiment among whale investors, combined with positive analyst ratings and price targets, suggests a potential upward movement for AMGN's stock price in the short term. The detailed analysis of options trades and the current market standing of Amgen, alongside the recent analyst upgrades and price targets, provide a strong basis for this prediction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100