Unpacking the Latest Options Trading Trends in Bristol-Myers Squibb
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Bristol-Myers Squibb (NYSE:BMY) show a bearish sentiment among financial giants, with 83% of trades being bearish. The options activity suggests a price range of $45 to $60. Analysts have mixed ratings, with price targets ranging from $50 to $59.
October 23, 2024 | 8:15 pm
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Bristol-Myers Squibb is experiencing a bearish trend in options trading, with 83% of trades showing bearish sentiment. Analysts have mixed ratings, with price targets between $50 and $59. The stock is currently trading at $53.06, with a slight increase of 0.57%.
The significant bearish sentiment in options trading, with 83% of trades being bearish, indicates a negative outlook for BMY in the short term. Analysts' mixed ratings and price targets suggest uncertainty, but the overall sentiment leans bearish. The current stock price increase of 0.57% may not be sustainable given the bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100