Amgen Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish sentiment among big-money investors towards Amgen (NASDAQ:AMGN). Benzinga's options scanner identified 12 uncommon options trades, with 75% being bearish. The trades suggest a price target range of $300 to $325 for Amgen over the next three months. Analysts have mixed ratings, with price targets ranging from $305 to $381.
August 08, 2024 | 2:47 pm
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Recent options trading activity shows a bearish sentiment among big-money investors towards Amgen, with 75% of the trades being bearish. The price target range is $300 to $325 over the next three months.
The significant bearish sentiment from big-money investors, as indicated by the options trading activity, suggests a potential short-term decline in Amgen's stock price. The price target range of $300 to $325 further supports this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100