What the Options Market Tells Us About Thermo Fisher Scientific
Portfolio Pulse from Benzinga Insights
Investors have taken a bullish position in Thermo Fisher Scientific (NYSE:TMO) based on unusual options activity. Benzinga's options scanner identified 8 transactions, with 62% being bullish. The price target is between $580.0 and $610.0. The stock is currently priced at $569.65, up 0.9%. Analysts have set an average target price of $650.0.
June 24, 2024 | 3:46 pm
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POSITIVE IMPACT
Thermo Fisher Scientific has seen significant bullish options activity, indicating potential positive movement in the stock price. The current price is $569.65, with a target range of $580.0 to $610.0. Analysts have set an average target price of $650.0.
The unusual options activity, with a majority being bullish, suggests that investors expect positive movement in TMO's stock price. The current price is close to the lower end of the target range, and analysts have a higher average target, indicating potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100