Verizon Communications Unusual Options Activity For June 07
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Verizon Communications (NYSE:VZ), with 56% of detected unusual options trades being bearish. Whales have been targeting a price range of $30 to $40 for Verizon over the last 3 months. Tigress Financial downgraded its action to Buy with a price target of $64, while HSBC maintains a Hold rating with a price target of $39.
June 07, 2023 | 7:16 pm
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A whale has taken a bearish stance on Verizon Communications, with 56% of detected unusual options trades being bearish. Analysts have mixed price targets, with Tigress Financial at $64 and HSBC at $39.
The bearish stance taken by the whale, who has a significant amount of money to spend, indicates a potential negative short-term impact on Verizon's stock price. Additionally, the mixed analyst price targets from Tigress Financial and HSBC add uncertainty to the stock's future performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100