Decoding ON Semiconductor's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for ON Semiconductor (NASDAQ:ON) shows a bearish sentiment among big-money investors, with 58% of trades being bearish. The trading activity suggests a price range of $55 to $75 for ON Semiconductor in the coming months. The stock is currently trading at $71.9, up 2.6%, with a neutral RSI. An analyst from Keybanc maintains an Overweight rating with a target price of $90.
October 25, 2024 | 4:04 pm
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ON Semiconductor's recent options activity indicates a bearish sentiment among large investors, with 58% of trades being bearish. The stock is currently trading at $71.9, up 2.6%. An analyst maintains an Overweight rating with a target price of $90.
The options activity shows a significant bearish sentiment, with 58% of trades being bearish. This suggests that investors expect the stock price to decrease in the short term. However, the stock is currently up 2.6%, and an analyst maintains a positive outlook with a target price of $90, indicating mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100