Market Whales and Their Recent Bets on ON Semiconductor Options
Portfolio Pulse from Benzinga Insights
Significant investors have taken a bullish position in ON Semiconductor (NASDAQ:ON), with 60% of the options transactions being bullish. The stock is currently trading at $75.88, up by 6.75%. Analysts have set price targets ranging from $88 to $100. The anticipated earnings release is in 74 days.
August 15, 2024 | 8:16 pm
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Significant investors have taken a bullish position in ON Semiconductor (NASDAQ:ON), with 60% of the options transactions being bullish. The stock is currently trading at $75.88, up by 6.75%. Analysts have set price targets ranging from $88 to $100. The anticipated earnings release is in 74 days.
The bullish sentiment from significant investors and the positive price movement indicate a likely short-term upward trend. Analysts' high price targets further support this outlook. However, the mixed sentiment among options traders and the RSI suggesting overbought conditions introduce some caution.
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