Charles Schwab Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The targeted price range for Charles Schwab over the last 3 months is from $45.0 to $57.5. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $68, while Jefferies and Wolfe Research maintain their Buy and Outperform ratings respectively, with price targets of $64 and $60.
June 28, 2023 | 2:32 pm
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Charles Schwab has seen unusual options activity with a significant bearish stance. The sentiment among big-money traders is 75% bearish and 25% bullish. Analysts have mixed ratings with Morgan Stanley downgrading its action to Equal-Weight.
The unusual options activity and the significant bearish stance taken by a large investor could potentially impact Charles Schwab's stock price negatively in the short term. Furthermore, the downgrade by Morgan Stanley could also contribute to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100