Smart Money Is Betting Big In QCOM Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Qualcomm (NASDAQ:QCOM) options, with a notable bearish sentiment. Benzinga's options scanner highlighted 12 extraordinary options activities, with 33% bullish and 41% bearish. The trading activity suggests a price target range of $140.0 to $200.0 for QCOM over the next three months. Current market status shows QCOM trading at $193.33, down by -0.66%, with an RSI indicating potential overbought conditions. Analysts have mixed ratings with an average target price of $188.0.
May 16, 2024 | 2:49 pm
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Significant options activity in Qualcomm (QCOM) with a bearish sentiment from deep-pocketed investors. The trading activity suggests a price target range of $140.0 to $200.0 over the next three months. Current market status shows QCOM trading at $193.33, down by -0.66%, with an RSI indicating potential overbought conditions. Analysts have mixed ratings with an average target price of $188.0.
The substantial bearish sentiment among deep-pocketed investors, combined with the current overbought RSI condition and mixed analyst ratings, suggests a potential short-term decline in QCOM's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100