This Is What Whales Are Betting On ARM Holdings
Portfolio Pulse from Benzinga Insights
Wealthy investors are showing a bullish stance on ARM Holdings (NASDAQ:ARM) with significant options trades. Benzinga's options scanner detected 8 trades, with 75% being bullish. The targeted price range is $130.0 to $160.0. ARM's current trading volume is 230,803, with a price of $139.32. An analyst from Bernstein holds an Underperform rating with a price target of $92.
June 11, 2024 | 1:46 pm
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Wealthy investors are showing a bullish stance on ARM Holdings with significant options trades detected by Benzinga's scanner. The targeted price range is $130.0 to $160.0. ARM's current trading volume is 230,803, with a price of $139.32. An analyst from Bernstein holds an Underperform rating with a price target of $92.
The detection of significant bullish options trades by wealthy investors suggests a positive short-term outlook for ARM Holdings. The targeted price range of $130.0 to $160.0 indicates investor confidence. However, the Underperform rating from Bernstein with a $92 price target introduces some caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100