Monolithic Power Systems Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Monolithic Power Systems (NASDAQ:MPWR) has seen unusual options activity with a bearish sentiment. Despite a recent price drop of 5.17% to $798.01, analysts maintain a buy rating with a target of $1100. Options activity shows a focus on a price range of $450 to $840.
September 06, 2024 | 6:47 pm
News sentiment analysis
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NEGATIVE IMPACT
Monolithic Power Systems has experienced unusual options activity with a bearish sentiment, as 45% of trades were bearish. The stock price has dropped by 5.17% to $798.01. Despite this, analysts maintain a buy rating with a target price of $1100.
The unusual options activity with a bearish sentiment suggests a negative short-term outlook. The stock's recent price drop of 5.17% further supports this. However, the maintained buy rating and high target price indicate potential long-term confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100