Decoding Thermo Fisher Scientific's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Thermo Fisher Scientific (NYSE:TMO) through options trading. Analysis reveals 40% bearish and 20% bullish trades, with significant activity in puts and calls. The predicted price range is $500 to $660. The stock is currently trading at $556.56, up by 1.86%, with an upcoming earnings report in one day. Analysts have set an average price target of $600.
July 23, 2024 | 3:16 pm
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Thermo Fisher Scientific has seen significant bearish options activity, with 40% of trades being bearish and only 20% bullish. The stock is currently trading at $556.56, up by 1.86%. Analysts have set an average price target of $600, with an upcoming earnings report in one day.
The significant bearish sentiment in options trading suggests that major investors expect a decline in TMO's stock price. Despite the current price increase and positive analyst ratings, the bearish options activity could indicate short-term downward pressure, especially with the upcoming earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100