IBM Unusual Options Activity For May 23
Portfolio Pulse from Benzinga Insights
Recent options activity for IBM shows a bearish sentiment among financial giants, with 50% of trades being bearish. The stock is currently trading at $170.78, down by 1.68%. Analysts have mixed ratings, with a consensus target price of $177.8.
May 23, 2024 | 8:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
IBM has experienced significant bearish options activity, with 50% of trades being bearish. The stock is currently down by 1.68% at $170.78. Analysts have mixed ratings, with a consensus target price of $177.8.
The significant bearish options activity suggests that major financial players expect IBM's stock to decline in the short term. The mixed analyst ratings and the current downward trend in the stock price further support this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100