Looking At Altria Group's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Altria Group (NYSE:MO), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $40.0 and $45.0. Morgan Stanley has maintained their Equal-Weight rating on Altria Group, with a price target of $45.
June 27, 2023 | 6:18 pm
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Altria Group has seen unusual options activity, with a majority of investors taking a bearish stance. The targeted price range is between $40.0 and $45.0.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on Altria Group's stock in the short term. The targeted price range of $40.0 to $45.0 also suggests that investors are expecting the stock price to move within this range.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100