Looking At Newmont's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Newmont (NYSE:NEM) shows a bearish sentiment among big-money investors, with 50% of trades being bearish. The options activity suggests a price range of $30.0 to $57.5 for NEM. Analysts have given positive ratings with target prices around $58.0.
August 23, 2024 | 4:32 pm
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Newmont's recent options activity indicates a bearish sentiment among large investors, with 50% of trades being bearish. Despite this, analysts have given positive ratings with target prices around $58.0.
The unusual options activity with a significant portion being bearish suggests that large investors expect a potential decline in Newmont's stock price. However, analysts' positive ratings and target prices indicate a mixed outlook. The bearish sentiment in options could lead to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100