AutoZone Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for AutoZone (NYSE:AZO), with a significant amount of bearish sentiment among large investors. The options trades include 10 puts and 5 calls, with a total bearish sentiment of 53%. The stock is currently trading at $3042.63, with an anticipated earnings release in one day. Analysts have mixed ratings, with price targets ranging from $3200 to $3350.
September 23, 2024 | 6:00 pm
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AutoZone has seen unusual options activity with a bearish sentiment from large investors, indicating potential short-term price volatility. The stock is currently trading at $3042.63, with an earnings release imminent.
The detection of unusual options activity, particularly with a bearish sentiment, suggests that large investors anticipate a potential decline in AutoZone's stock price. The imminent earnings release could further influence short-term price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100