Spotlight on Newmont: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Newmont (NYSE:NEM) has seen a surge in options activity, with 18 uncommon trades spotted by Benzinga's options scanner. The sentiment is split, with 55% bullish and 33% bearish. The stock is currently trading at $48.41, up by 2.25%. Analysts have given positive ratings, with price targets ranging from $50 to $61.
July 16, 2024 | 4:31 pm
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POSITIVE IMPACT
Newmont has experienced a significant increase in options activity, indicating potential upcoming movements. The stock is currently trading at $48.41, up by 2.25%. Analysts have given positive ratings with price targets between $50 and $61.
The surge in options activity, particularly with a majority being bullish, suggests that investors expect positive movements in Newmont's stock price. Additionally, the positive analyst ratings and price targets further support a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100