Qualcomm Unusual Options Activity For July 16
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown significant interest in Qualcomm (NASDAQ:QCOM) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner detected 36 unusual options activities, indicating potential big moves for QCOM. Analysts have mixed ratings with a consensus target price of $227.5.
July 16, 2024 | 8:16 pm
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Qualcomm has seen unusual options activity with a mix of bullish and bearish sentiments. Analysts have mixed ratings with a consensus target price of $227.5. The stock is currently trading at $209.79 with an upcoming earnings announcement in 15 days.
The significant options activity suggests that investors are expecting notable movements in QCOM's stock price. The mixed analyst ratings and the upcoming earnings announcement add to the potential volatility. The overall sentiment leans slightly bullish, which could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100