Newmont Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Newmont (NYSE:NEM) with significant options trading activity. The options activity includes 29 extraordinary trades, with a mix of bullish and bearish sentiments. Analysts have set an average price target of $58.0, with recent upgrades from Scotiabank and BMO Capital. Newmont's stock is currently trading at $51.19, up by 1.94%.
August 19, 2024 | 7:45 pm
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Newmont (NEM) is experiencing significant options trading activity, indicating a bullish sentiment among investors. Analysts have set a price target of $58.0, with recent upgrades from Scotiabank and BMO Capital. The stock is currently trading at $51.19, up by 1.94%.
The significant options trading activity, with a majority of calls, suggests a bullish sentiment among investors. The recent analyst upgrades and price target increases further support a positive outlook for Newmont's stock in the short term.
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IMPORTANCE 80
RELEVANCE 100