Investors show bearish sentiment in NXP Semiconductors options trades

benzinga.com October 31, 2024, 03:01 PM UTC

Investors are showing a bearish outlook on NXP Semiconductors (NASDAQ:NXPI), with recent options trades indicating significant activity. A total of nine unusual trades were detected, with 44% bearish sentiment compared to 33% bullish.

The trades included two put options worth $286,785 and seven call options totaling $2,131,985. The targeted price range for NXPI over the past three months is between $220 and $252.5.

Currently, NXPI's stock is down 3.51% at $236.72, with an earnings announcement expected in four days. Analysts have varying ratings, with target prices ranging from $260 to $285.


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