Smart Money Is Betting Big In MMM Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on 3M (NYSE:MMM), as observed through unusual options activity. Benzinga's options scanner identified 8 uncommon trades, with a mix of bullish and bearish sentiments. Analysts have recently upgraded 3M's stock, with a consensus target price of $122.5.
July 01, 2024 | 7:31 pm
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Significant options activity has been observed for 3M (NYSE:MMM), with a mix of bullish and bearish trades. Analysts have recently upgraded the stock with a consensus target price of $122.5.
The unusual options activity indicates that investors with significant capital are taking positions in 3M, suggesting potential upcoming movements in the stock. Additionally, recent analyst upgrades with a higher target price add to the bullish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100