Spotlight on Autodesk: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Autodesk (NASDAQ:ADSK) has seen a surge in options activity, with 62% of trades being bullish. The stock is currently trading at $288.54, down 0.43%, and analysts have mixed ratings with price targets ranging from $260 to $340. The options activity suggests a focus on a price range of $260 to $290.
October 22, 2024 | 2:45 pm
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POSITIVE IMPACT
Autodesk has experienced a significant increase in options activity, with a majority of trades being bullish. The stock is currently trading at $288.54, and analysts have set price targets between $260 and $340. This suggests potential volatility in the short term.
The surge in options activity, particularly with a majority being bullish, indicates investor confidence in Autodesk's short-term performance. The mixed analyst ratings and price targets suggest potential volatility, but the overall sentiment leans towards a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100