Smart Money Is Betting Big In QCOM Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Qualcomm (NASDAQ:QCOM) through options trading. Benzinga's options scanner identified 9 unusual trades, with 55% being bearish. The trades suggest a price target range of $177.5 to $200.0 for QCOM over the next three months. Analysts have mixed ratings, with price targets ranging from $200 to $250.
July 24, 2024 | 2:16 pm
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Significant investors have taken a bearish stance on Qualcomm through options trading, with 55% of the trades being bearish. The price target range is $177.5 to $200.0 over the next three months. Analysts have mixed ratings, with price targets ranging from $200 to $250.
The majority of the significant options trades identified are bearish, indicating that investors expect the stock price to decline. This sentiment is reinforced by the mixed analyst ratings and the current stock price decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100