ON Semiconductor's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards ON Semiconductor (NASDAQ:ON) through significant options activity. The majority of these trades are puts, indicating a potential decline in the stock price. Analysts have mixed ratings, with price targets ranging from $65 to $95.
July 24, 2024 | 7:15 pm
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ON Semiconductor has seen significant bearish options activity, with 62% of trades being puts. Analysts have mixed ratings, with price targets ranging from $65 to $95. The stock is currently down 3.44% at $70.86.
The significant bearish options activity, combined with mixed analyst ratings and a recent price drop, suggests a potential short-term decline in ON Semiconductor's stock price. The majority of options trades being puts indicates a bearish outlook from investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100