Spotlight on Thermo Fisher Scientific: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific (NYSE:TMO) has seen a surge in bearish options activity, with 8 out of 9 trades being puts. This unusual activity suggests that major market players are expecting a decline in TMO's stock price. The stock is currently trading at $538.07, down by 0.47%, and is approaching oversold territory. Analysts have mixed ratings with a target price of $600.
July 19, 2024 | 2:17 pm
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Thermo Fisher Scientific has experienced a significant increase in bearish options activity, with 8 out of 9 trades being puts. This suggests that major market players are expecting a decline in the stock price. The stock is currently trading at $538.07, down by 0.47%, and is approaching oversold territory. Analysts have mixed ratings with a target price of $600.
The surge in bearish options activity, with 8 out of 9 trades being puts, indicates that major market players are expecting a decline in TMO's stock price. The stock is currently down by 0.47% and approaching oversold territory, which could lead to further declines. Analysts have mixed ratings with a target price of $600, adding to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100