What the Options Market Tells Us About Analog Devices
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner identified significant options activity on Analog Devices (NASDAQ:ADI), with a cumulative value of $481,292. The trading activity suggests a price target range of $225.0 to $240.0. The stock is currently trading at $229.76, up by 2.31%, with an RSI indicating it may be approaching overbought territory. Analysts have set an average target price of $250.0.
July 31, 2024 | 8:03 pm
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Significant options activity on Analog Devices (NASDAQ:ADI) suggests a price target range of $225.0 to $240.0. The stock is currently trading at $229.76, up by 2.31%. Analysts have set an average target price of $250.0.
The significant options activity and the upward movement in stock price indicate bullish sentiment. The price target range of $225.0 to $240.0 aligns with the current trading price, suggesting potential for further gains. Analysts' average target price of $250.0 supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100