Looking At IBM's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for IBM shows a predominantly bearish sentiment among large investors, with 59% of trades being bearish. The price target for IBM is between $160 and $230. The stock is currently trading at $187.45, with an upcoming earnings announcement in 7 days. An analyst from Goldman Sachs has lowered their rating to Buy with a price target of $200.
July 17, 2024 | 8:16 pm
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Recent options activity for IBM shows a predominantly bearish sentiment among large investors, with 59% of trades being bearish. The stock is currently trading at $187.45, with an upcoming earnings announcement in 7 days. An analyst from Goldman Sachs has lowered their rating to Buy with a price target of $200.
The majority of recent options trades for IBM are bearish, indicating a negative short-term outlook. Additionally, the RSI suggests the stock may be overbought, and a recent downgrade by Goldman Sachs adds to the bearish sentiment. The upcoming earnings announcement could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100