Amphenol's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment on Amphenol (NYSE:APH) through options trading, with 50% of trades being bearish. The options activity suggests a targeted price range of $55 to $70. Amphenol's stock is currently trading at $63.16, with a neutral RSI and an upcoming earnings announcement in 41 days. An analyst from B of A Securities has downgraded the stock to Neutral with a price target of $71.
September 12, 2024 | 4:01 pm
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Amphenol is experiencing significant bearish options activity, with 50% of trades being bearish. The stock is currently trading at $63.16, with a neutral RSI. An analyst from B of A Securities has downgraded the stock to Neutral with a price target of $71.
The significant bearish sentiment in options trading, with 50% of trades being bearish, suggests a negative short-term outlook for Amphenol. The downgrade by B of A Securities to Neutral further supports this sentiment. The current trading price of $63.16 is within the targeted range of $55 to $70, indicating potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100