Advanced Micro Devices Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in Advanced Micro Devices (NASDAQ:AMD) through unusual options activity. Analysis reveals 34 unusual trades with a majority being bullish. The price target for AMD is between $160.0 and $185.0. Current market status shows AMD trading at $166.85 with a 1.45% increase. Analysts have mixed ratings with a consensus target price of $182.2.
May 20, 2024 | 2:15 pm
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Advanced Micro Devices (NASDAQ:AMD) has seen significant bullish options activity, with a majority of trades being calls. The price target is set between $160.0 and $185.0. Current trading volume is high, and the stock price has increased by 1.45%. Analysts have mixed ratings but a consensus target price of $182.2.
The unusual options activity, with a majority being bullish, indicates strong investor confidence in AMD. The price target range and current market performance support a positive short-term outlook. Analyst ratings further bolster this sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100