Looking At Texas Instruments's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Texas Instruments (NASDAQ:TXN) shows a predominantly bearish sentiment among large investors, with 73% of trades being bearish. The stock is currently trading at $180.65, down 3.63%, and analysts have mixed ratings with an average target price of $198.2.
August 05, 2024 | 7:30 pm
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Texas Instruments has seen a significant amount of bearish options activity, with 73% of trades being bearish. The stock is currently down 3.63% at $180.65. Analysts have mixed ratings with an average target price of $198.2.
The predominance of bearish options trades suggests that large investors expect the stock to decline in the short term. The current price drop of 3.63% aligns with this sentiment. Mixed analyst ratings add to the uncertainty, but the overall bearish options activity is a strong indicator of potential short-term downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100