Albemarle Unusual Options Activity For June 21
Portfolio Pulse from Benzinga Insights
A large bearish position on Albemarle (NYSE:ALB) has been spotted, with 71% of big-money traders being bearish. Whales have been targeting a price range of $135 to $230 for Albemarle over the last 3 months. Citigroup downgraded its action to Buy with a price target of $260.
June 21, 2023 | 8:32 pm
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A large bearish position has been spotted on Albemarle (NYSE:ALB), with 71% of big-money traders being bearish. Whales have been targeting a price range of $135 to $230 for Albemarle over the last 3 months.
The large bearish position on Albemarle indicates that big-money traders expect the stock price to decline in the short term. With 71% of these traders being bearish and targeting a price range of $135 to $230, it is likely that the stock price will be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100