This Is What Whales Are Betting On Qualcomm
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Qualcomm (NASDAQ:QCOM) options, with a notable bearish sentiment. Benzinga's options scanner detected 55 extraordinary options activities, with 50% of investors leaning bearish. The trading volume for QCOM is up by 1.7%, reaching $169.16, but the stock may be approaching overbought levels.
October 09, 2024 | 6:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Qualcomm sees significant options activity with a bearish sentiment from major investors. 55 unusual options trades were detected, with 50% bearish. The stock price is up 1.7% but may be nearing overbought territory.
The detection of 55 unusual options activities with a 50% bearish sentiment indicates a potential negative outlook for Qualcomm in the short term. Despite the stock's recent price increase, the overbought RSI suggests a possible price correction. The significant options activity and bearish sentiment from large investors are likely to impact the stock negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100