ARM Holdings's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish approach towards ARM Holdings (NASDAQ:ARM), with significant options activity observed. The options activity includes 88 extraordinary trades, with 55 calls and 33 puts, indicating a mixed sentiment but a general bullish trend. The price target for ARM ranges from $70 to $230, and the stock is currently trading at $149.69. An analyst from Morgan Stanley has upgraded the stock to Overweight with a price target of $190.
July 26, 2024 | 5:46 pm
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Significant options activity in ARM Holdings (NASDAQ:ARM) indicates a bullish sentiment among deep-pocketed investors. The stock is currently trading at $149.69, with a price target range of $70 to $230. Morgan Stanley has upgraded the stock to Overweight with a price target of $190.
The substantial options activity, with a higher number of calls than puts, suggests a bullish sentiment among investors. Additionally, the upgrade from Morgan Stanley to Overweight with a price target of $190 further supports a positive outlook for ARM Holdings in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100