Spotlight on Advanced Micro Devices: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown significant interest in Advanced Micro Devices (NASDAQ:AMD) through a surge in options activity. Benzinga's options scanner highlighted 127 extraordinary options activities, with a mix of bullish and bearish sentiments. Analysts have set an average price target of $211.25 for AMD, with the stock currently trading at $179.6.
July 15, 2024 | 8:01 pm
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Advanced Micro Devices (NASDAQ:AMD) has seen a surge in options activity, indicating significant investor interest. The stock is currently trading at $179.6, down by 1.11%. Analysts have set an average price target of $211.25.
The surge in options activity, particularly with a significant amount of calls, suggests bullish sentiment among investors. Analysts' price targets also indicate potential upside. However, the current price drop and overbought RSI readings suggest caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100