Unpacking the Latest Options Trading Trends in Amgen
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Amgen (NASDAQ:AMGN), with 62% of notable options activities being puts. This significant move suggests potential upcoming volatility. The stock is currently trading at $334.17, with a consensus target price of $321.5. Analysts have mixed ratings, with Argus Research maintaining a Buy rating and Morgan Stanley an Equal-Weight rating.
July 26, 2024 | 2:31 pm
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Deep-pocketed investors are showing a bearish trend towards Amgen, with 62% of notable options activities being puts. This suggests potential upcoming volatility. The stock is currently trading at $334.17, with a consensus target price of $321.5. Analysts have mixed ratings, with Argus Research maintaining a Buy rating and Morgan Stanley an Equal-Weight rating.
The significant bearish options activity, with 62% of notable options being puts, indicates that investors are expecting a decline in Amgen's stock price. The mixed analyst ratings and the current trading price being close to the consensus target price further support the potential for short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100