Novavax Unusual Options Activity For May 23
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual options activity for Novavax (NASDAQ:NVAX), with a predominantly bearish sentiment. This significant move suggests potential upcoming volatility for NVAX. The options activity includes 2 puts and 8 calls, with a price range target between $5.5 and $20.0. Analysts have mixed ratings on the stock, with price targets ranging from $10 to $29.
May 23, 2024 | 5:31 pm
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Unusual options activity for Novavax (NASDAQ:NVAX) indicates a predominantly bearish sentiment among deep-pocketed investors. This could signal potential upcoming volatility for the stock. Analysts have mixed ratings, with price targets ranging from $10 to $29.
The significant bearish sentiment among deep-pocketed investors, as indicated by the unusual options activity, suggests potential downward pressure on NVAX's stock price. The mixed analyst ratings further contribute to the uncertainty and potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100