Advanced Micro Devices Unusual Options Activity For May 24
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in Advanced Micro Devices (NASDAQ:AMD) through unusual options activity. Analysis reveals 60% of traders are bullish, with a focus on a price range of $152.5 to $180.0. AMD's stock is currently up 1.5% at $162.84, with analysts setting an average price target of $185.6.
May 24, 2024 | 2:03 pm
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Advanced Micro Devices (NASDAQ:AMD) has seen significant bullish options activity, with 60% of traders optimistic. The stock is currently up 1.5% at $162.84, and analysts have set an average price target of $185.6.
The unusual options activity, with a majority of traders being bullish, indicates strong market sentiment towards AMD. The stock's current upward movement and high analyst price targets further support a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100