Cisco Systems Unusual Options Activity For May 24
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO), with 84% of detected unusual options trades being bearish. Whales have been targeting a price range of $40 to $55 for Cisco Systems over the last 3 months. Analysts have mixed ratings on the stock, with price targets ranging from $51 to $64.
May 24, 2023 | 4:07 pm
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A whale investor has taken a bearish stance on Cisco Systems, with 84% of detected unusual options trades being bearish. Analysts have mixed ratings on the stock, with price targets ranging from $51 to $64.
The bearish stance taken by a whale investor, who has a significant amount of money to invest, indicates a potential negative short-term impact on Cisco Systems' stock price. Additionally, the mixed analyst ratings and price targets suggest uncertainty in the stock's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100