Smart Money Is Betting Big In SMCI Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Super Micro Computer (NASDAQ:SMCI), as observed through recent options trades. Benzinga's options scanner identified 8 uncommon options trades, with a split sentiment of 12% bullish and 25% bearish. The price target for SMCI ranges from $550 to $610. The stock is currently down 7.86% at $575.55, with RSI indicators suggesting it may be oversold. Analysts have mixed ratings, with price targets ranging from $325 to $930.
August 05, 2024 | 2:01 pm
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Significant investors have taken a bearish stance on Super Micro Computer (NASDAQ:SMCI) through recent options trades. The stock is currently down 7.86% at $575.55, with RSI indicators suggesting it may be oversold. Analysts have mixed ratings, with price targets ranging from $325 to $930.
The bearish sentiment from significant investors, as indicated by the options trades, suggests a potential short-term decline in SMCI's stock price. The current price drop and mixed analyst ratings further support this outlook.
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