Decoding Newmont's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Newmont (NYSE:NEM) shows a mixed sentiment among big-money traders, with a slight bearish tilt. The options trades indicate a targeted price range of $40 to $60. Analysts have upgraded their ratings, with price targets around $58-$59. Newmont's stock is currently trading at $51.02, slightly down, and may be approaching overbought territory.
September 11, 2024 | 5:48 pm
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Newmont's options activity shows a mixed sentiment with a slight bearish tilt. Analysts have upgraded their ratings, setting price targets around $58-$59. The stock is currently trading at $51.02, slightly down, and may be approaching overbought territory.
The options activity for Newmont shows a slight bearish sentiment with 46% bearish and 40% bullish trades. However, analysts have upgraded their ratings with price targets around $58-$59, which is above the current trading price of $51.02. This mixed sentiment suggests a neutral short-term impact on the stock price. The stock's RSI indicates it may be approaching overbought territory, which could limit upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100