Market Whales and Their Recent Bets on ADI Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Analog Devices (NASDAQ:ADI) through significant options activity. The options scanner highlighted 12 extraordinary options activities, with a mix of puts and calls. The stock is currently down by 4.27%, trading at $229.78. Analysts have set an average price target of $250.0.
July 23, 2024 | 5:17 pm
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Significant bearish sentiment from large investors towards Analog Devices (NASDAQ:ADI) has been observed through options activity. The stock is currently down by 4.27%, trading at $229.78. Analysts have set an average price target of $250.0.
The significant bearish sentiment from large investors, as indicated by the options activity, suggests potential downward pressure on ADI's stock price in the short term. The stock is already down by 4.27%, and the average price target set by analysts is $250.0, which is higher than the current trading price. This discrepancy indicates potential volatility and uncertainty in the stock's near-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100