Check Out What Whales Are Doing With Citigroup
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Citigroup (NYSE:C), with 53% of recent trades being bearish and 46% bullish. The total amount for put options is $1,449,054 and for call options is $227,406. Whales have been targeting a price range from $40.0 to $55.0 for Citigroup over the last 3 months. B of A Securities maintains a Buy rating on Citigroup with a price target of $60, while RBC Capital and Morgan Stanley have downgraded their actions with price targets of $51 and $45 respectively.
June 27, 2023 | 5:49 pm
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A significant investor has taken a bearish stance on Citigroup. The total amount for put options is $1,449,054 and for call options is $227,406. Analysts have mixed ratings with B of A Securities maintaining a Buy rating and a price target of $60, while RBC Capital and Morgan Stanley have downgraded their actions with price targets of $51 and $45 respectively.
The bearish stance taken by a significant investor, along with the higher total amount for put options compared to call options, indicates a potential downward pressure on Citigroup's stock price. Additionally, the downgraded actions by RBC Capital and Morgan Stanley could negatively impact investor sentiment.
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