Looking At Synopsys's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent analysis of Synopsys (NASDAQ:SNPS) options activity reveals a bearish sentiment among financial giants, with 50% of trades being bearish. The price range targeted by these trades is between $300.0 and $610.0. Analysts have mixed ratings, with an average target price of $649.4.
June 13, 2024 | 6:16 pm
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NEGATIVE IMPACT
Synopsys has experienced unusual options activity with a bearish sentiment dominating. Analysts have mixed ratings but an average target price of $649.4.
The bearish sentiment in options trading suggests a short-term negative outlook. However, mixed analyst ratings with a relatively high average target price indicate potential long-term stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100