CVS Health Unusual Options Activity For June 21
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on CVS Health (NYSE:CVS), with 60% of detected unusual options trades being bearish. Whales have been targeting a price range of $62.5 to $74.0 for CVS Health over the last 3 months. Analysts from Truist Securities and JP Morgan maintain Buy and Overweight ratings, respectively, while Piper Sandler downgraded to Overweight.
June 21, 2023 | 6:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
A whale has taken a bearish stance on CVS Health, with 60% of detected unusual options trades being bearish. Analysts maintain Buy and Overweight ratings, while one downgrades to Overweight.
The bearish stance taken by the whale may create short-term downward pressure on CVS Health's stock price. However, the maintained Buy and Overweight ratings from Truist Securities and JP Morgan, as well as the downgrade to Overweight by Piper Sandler, indicate that the overall outlook for CVS Health remains positive. This mixed sentiment leads to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100