Behind the Scenes of Newmont's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Newmont (NYSE:NEM) show a bearish sentiment among large investors, with 68% of trades being bearish. Despite this, analysts have given positive ratings with price targets ranging from $58 to $65. The stock is currently trading at $55.65, up 2.14%, but may be approaching overbought levels.
September 24, 2024 | 4:30 pm
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Newmont's options trading shows a bearish sentiment with 68% of trades being bearish. However, analysts have given positive ratings with price targets of $58 to $65. The stock is currently trading at $55.65, up 2.14%, but may be approaching overbought levels.
The bearish sentiment in options trading suggests potential downward pressure on Newmont's stock. However, positive analyst ratings and a recent price increase indicate mixed signals. The stock's current overbought status could lead to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100