Smart Money Is Betting Big In BMY Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on Bristol-Myers Squibb (NYSE:BMY), as observed through unusual options trades. Benzinga's options scanner identified 8 uncommon trades, with 75% being bullish. The trades suggest a price range of $25.0 to $45.0 for BMY. The stock is currently up 1.35% at $41.43.
June 07, 2024 | 8:46 pm
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Significant capital has been placed in bullish options trades for Bristol-Myers Squibb, indicating investor confidence in the stock's short-term performance. The stock is currently up 1.35% at $41.43.
The unusual volume of bullish options trades suggests that investors expect positive movement in BMY's stock price. The current price increase of 1.35% supports this sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100