What the Options Market Tells Us About ON Semiconductor
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards ON Semiconductor (NASDAQ:ON) through options trading. Analysis reveals 55% bearish trades, with significant put and call options activity. The projected price range is $60.0 to $80.0. ON Semiconductor's stock is currently neutral with a slight increase of 1.38% to $68.56.
June 21, 2024 | 5:47 pm
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Options trading indicates a bearish sentiment towards ON Semiconductor, with 55% of trades being bearish. The stock is currently neutral with a slight increase to $68.56. Analysts have set a price target of $92.0.
The majority of options trades (55%) are bearish, indicating a negative short-term outlook. Despite a slight increase in stock price, the bearish sentiment from significant investors suggests potential downward pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100