Looking At Albemarle's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Albemarle (NYSE:ALB), with 70% of recent unusual options activity being bearish. Whales have been targeting a price range of $200 to $220 for Albemarle over the last 3 months. The stock is currently up 0.84% at $214.91, and RSI indicators suggest it may be approaching overbought territory.
June 07, 2023 | 1:47 pm
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Albemarle (NYSE:ALB) sees 70% bearish unusual options activity, with whales targeting a price range of $200 to $220. The stock is up 0.84% at $214.91, potentially approaching overbought territory.
The bearish stance taken by a whale with 70% of recent unusual options activity being bearish indicates a potential negative short-term impact on Albemarle's stock price. Additionally, the stock is currently up 0.84% at $214.91, and RSI indicators suggest it may be approaching overbought territory, which could lead to a price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100