Analog Devices's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
High-rolling investors have positioned themselves bearish on Analog Devices (NASDAQ:ADI), with significant options activity indicating potential insider information. The sentiment is predominantly bearish, with 62% of the trades reflecting this outlook. The stock is currently trading at $210.08, up by 2.54%, and analysts have set a target price of $250. Earnings are expected in 14 days.
August 07, 2024 | 7:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
High-rolling investors have shown a bearish sentiment on Analog Devices (NASDAQ:ADI) through significant options activity. The stock is currently trading at $210.08, up by 2.54%. Analysts have set a target price of $250, and earnings are expected in 14 days.
The significant bearish options activity suggests that investors may have insider information or expect negative news. Despite the current price increase, the bearish sentiment could lead to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100