Spotlight on Thermo Fisher Scientific: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific (NYSE:TMO) has seen a surge in options activity, with a significant portion of investors adopting a bearish stance. The options activity includes 8 notable trades, with 62% of investors leaning bearish. The stock is currently trading at $611.84, with a slight decrease of 0.01%. An analyst from Wells Fargo has downgraded the stock to Overweight with a price target of $670.
September 05, 2024 | 5:32 pm
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Thermo Fisher Scientific is experiencing unusual options activity with a bearish sentiment from investors. The stock is slightly down, and an analyst has downgraded it to Overweight with a $670 target.
The significant bearish sentiment in options activity suggests potential downward pressure on TMO's stock price. The downgrade by Wells Fargo further supports a negative short-term outlook. The stock's slight decrease and RSI indicators suggest it may be overbought, adding to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100