How Is The Market Feeling About Amgen?
Portfolio Pulse from Benzinga Insights
Amgen's (NYSE:AMGN) short interest has decreased by 3.57%, with 10.11 million shares sold short, representing 1.89% of its float. This decline in short interest could indicate a more bullish sentiment towards AMGN among traders. Compared to its peers, AMGN has a lower short interest percentage of float, with the average for its peer group being 5.96%.
May 07, 2024 | 6:45 pm
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Amgen's short interest has decreased, indicating a potential bullish sentiment among traders. This could lead to a short-term positive impact on AMGN's stock price.
A decrease in short interest typically indicates that fewer traders are betting against the stock, which can be a bullish sign. Given that Amgen's short interest is lower than its peer average, this suggests a relatively positive sentiment towards AMGN, potentially leading to an increase in its stock price in the short term.
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