Amazon.com Unusual Options Activity For August 16
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Amazon.com (NASDAQ:AMZN) with 57% of unusual options trades being bearish. The major market movers are focusing on a price range between $120.0 and $205.0. Analysts have mixed ratings, with an average target price of $223.2.
August 16, 2024 | 2:18 pm
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Amazon.com has seen a significant amount of unusual options activity, with 57% of trades being bearish. The stock is currently trading at $177.65 with a neutral RSI. Analysts have mixed ratings, with an average target price of $223.2.
The high percentage of bearish options trades suggests a negative short-term outlook for Amazon.com. Despite mixed analyst ratings, the overall sentiment from options traders is bearish, which could lead to downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100