AT&T Unusual Options Activity For June 02
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on AT&T (NYSE:T) with 65% of detected unusual options activity being bearish. Whales have been targeting a price range of $10.0 to $17.0 for AT&T over the last 3 months. RBC Capital downgraded its action to Sector Perform with a price target of $19.
June 02, 2023 | 6:45 pm
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NEGATIVE IMPACT
A whale has taken a bearish stance on AT&T with 65% of detected unusual options activity being bearish. RBC Capital downgraded its action to Sector Perform with a price target of $19.
The bearish stance taken by a whale with a significant amount of money to spend indicates a negative outlook on AT&T's stock price. Additionally, RBC Capital's downgrade to Sector Perform with a price target of $19 further supports the bearish sentiment. This combination of factors is likely to have a negative impact on AT&T's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100