Unpacking the Latest Options Trading Trends in Qualcomm
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bullish trend in Qualcomm (NASDAQ:QCOM) options trading, with 65% of trades being bullish. Significant trades suggest a price range of $170 to $210 over the next three months. Analysts maintain a Buy rating with an average target price of $247.5.
June 28, 2024 | 2:31 pm
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High-rolling investors are showing a bullish trend in Qualcomm (NASDAQ:QCOM) options trading, with 65% of trades being bullish. Significant trades suggest a price range of $170 to $210 over the next three months. Analysts maintain a Buy rating with an average target price of $247.5.
The significant bullish options trading activity and the positive analyst ratings suggest a strong short-term upward momentum for Qualcomm's stock price. The predicted price range of $170 to $210 aligns with the current trading volume and open interest data.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100