Looking At Qualcomm's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Qualcomm (NASDAQ:QCOM) indicates a bearish sentiment among big-money investors, with 53% of trades being bearish. The stock is currently down by 4.93% and is approaching oversold territory. Analysts have mixed ratings, with price targets ranging from $200 to $250.
July 30, 2024 | 5:01 pm
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Qualcomm has seen unusual options activity with a bearish sentiment from big-money investors. The stock is down 4.93% and may be approaching oversold territory. Analysts have mixed ratings with price targets between $200 and $250.
The significant bearish sentiment from large investors, combined with the stock's current decline and approaching oversold status, suggests a potential short-term downward pressure on QCOM's stock price. Mixed analyst ratings add to the uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100