Check Out What Whales Are Doing With Citigroup
Portfolio Pulse from Benzinga Insights
A large bearish position on Citigroup (NYSE:C) has been spotted, with 40 uncommon options trades identified. The overall sentiment of these big-money traders is 37% bullish and 62% bearish. Whales have been targeting a price range of $40 to $75 for Citigroup over the last 3 months.
June 06, 2023 | 6:16 pm
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A large bearish position has been identified in Citigroup, with 62% of big-money traders being bearish. Whales have targeted a price range of $40 to $75 for Citigroup over the last 3 months.
The large bearish position identified in Citigroup indicates that big-money traders expect the stock price to decline in the short term. This bearish sentiment, combined with the targeted price range of $40 to $75, suggests that the stock price may experience downward pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100