Unpacking the Latest Options Trading Trends in Qualcomm
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish trend in options trading for Qualcomm (NASDAQ:QCOM), with 56% of traders being bullish. The trading volumes and open interest suggest a price range between $140.0 and $250.0. The stock price is currently up by 2.69% at $207.88, with a consensus target price of $231.67 from analysts.
July 15, 2024 | 3:01 pm
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Qualcomm has seen a significant bullish trend in options trading, with 56% of traders showing positive sentiment. The stock price has increased by 2.69% to $207.88, and analysts have set a consensus target price of $231.67. The next earnings report is due in 16 days.
The bullish trend in options trading, combined with a recent price increase and positive analyst ratings, suggests a likely short-term upward movement in Qualcomm's stock price. The upcoming earnings report could further influence the stock's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100