What the Options Market Tells Us About IBM
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bullish moves on IBM, with 14 unusual options trades observed. The trades include both puts and calls, with a notable price window of $140.0 to $195.0. IBM's current price is $168.84, down by 0.39%, and the next earnings report is due in 29 days. An analyst from RBC Capital has lowered its rating to Outperform with a price target of $200.
June 18, 2024 | 7:00 pm
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IBM has seen significant bullish interest from financial giants with 14 unusual options trades. The stock is currently priced at $168.84, down by 0.39%. RBC Capital has lowered its rating to Outperform with a price target of $200.
The significant bullish interest in IBM's options market suggests positive sentiment among financial giants. Despite a slight price drop, the lowered rating to Outperform and a high price target of $200 indicate potential upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100