Qualcomm Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected significant options activity for Qualcomm (NASDAQ:QCOM), with over 8 trades totaling $392,196. Analysts have mixed ratings on the stock, with price targets ranging from $170 to $250. The stock is currently trading at $157.98, down 0.83%, and may be approaching oversold territory.
August 05, 2024 | 2:16 pm
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Significant options activity detected for Qualcomm (QCOM) with trades totaling $392,196. Analysts have mixed ratings with price targets ranging from $170 to $250. The stock is currently trading at $157.98, down 0.83%, and may be approaching oversold territory.
The detection of significant options activity suggests increased interest and potential volatility in Qualcomm's stock. Mixed analyst ratings and a wide range of price targets indicate uncertainty, but the overall sentiment appears bullish given the higher price targets. The stock's current price and RSI readings suggest it may be approaching oversold territory, which could attract buyers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100