Market Whales and Their Recent Bets on ON Semiconductor Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bullish stance on ON Semiconductor, with 75% of recent options trades being bullish or neutral. The trades suggest a price target range of $35 to $75. Despite a recent price drop of 2.85%, the stock remains neutral in terms of RSI. The next earnings report is due in 48 days.
September 10, 2024 | 6:16 pm
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ON Semiconductor has seen a bullish sentiment from market whales, with 75% of recent options trades being bullish or neutral. The stock is currently trading at $67.42, down 2.85%, but remains neutral in RSI. Price targets range from $35 to $75.
The article highlights a significant bullish sentiment from market whales on ON Semiconductor, with 75% of options trades being bullish or neutral. This suggests potential upward movement in the stock price. The current price drop of 2.85% may be temporary, as the RSI indicates a neutral position. The projected price targets and the upcoming earnings report could further influence the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100