Smart Money Is Betting Big In WOLF Options
Portfolio Pulse from Benzinga Insights
Investors are showing significant interest in Wolfspeed (NYSE:WOLF) options, with a majority leaning bullish. The options activity suggests a potential price range of $3.0 to $27.0. Despite the bullish sentiment, an analyst from Mizuho has downgraded the stock to 'Underperform' with a price target of $8.0.
October 15, 2024 | 1:45 pm
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Wolfspeed is experiencing unusual options activity, with a majority of investors showing bullish sentiment. However, Mizuho has downgraded the stock to 'Underperform' with a price target of $8.0, which could impact investor sentiment.
The significant options activity indicates strong investor interest, potentially driving short-term price movements. However, the downgrade by Mizuho to 'Underperform' with a lower price target could counteract bullish sentiment, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100