Smart Money Is Betting Big In MPWR Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on Monolithic Power Systems (NASDAQ:MPWR) through options trading. Analysis reveals 40% bearish sentiment with notable trades including puts valued at $589,000 and calls at $702,126. The stock is currently trading at $790.16, up by 2.56%, with a neutral RSI. Analysts maintain positive ratings with target prices ranging from $880 to $1075.
August 06, 2024 | 8:45 pm
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Monolithic Power Systems (NASDAQ:MPWR) has seen significant bearish options activity, with 40% of traders showing bearish sentiment. Despite this, the stock is up 2.56% to $790.16, and analysts maintain positive ratings with target prices ranging from $880 to $1075.
The significant bearish options activity suggests potential short-term downward pressure on MPWR's stock price. However, the stock's current upward movement and strong analyst ratings with high target prices indicate mixed signals, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100