Cigna Group Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bullish stance on Cigna Group (NYSE:CI), with 63% of detected unusual options trades being bullish and 36% bearish. The total amount for puts is $511,410, and for calls, it's $850,885. Whales have been targeting a price range of $270 to $290 for Cigna Group over the last 3 months. Truist Securities maintains a Buy rating with a price target of $365, while B of A Securities upgraded to Buy with a price target of $320.
June 21, 2023 | 8:47 pm
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Whales have taken a bullish stance on Cigna Group (NYSE:CI), with 63% of detected unusual options trades being bullish. Truist Securities maintains a Buy rating with a price target of $365, while B of A Securities upgraded to Buy with a price target of $320.
The bullish stance taken by the whale, along with positive analyst ratings from Truist Securities and B of A Securities, indicates a potential short-term increase in Cigna Group's stock price. The targeted price range of $270 to $290 by whales also supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100