Albemarle Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Albemarle (NYSE:ALB) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $90.0 to $320.0 for Albemarle over the last 3 months. Currently, ALB's price is down -1.47% at $223.74. Keybanc maintains an Overweight rating on Albemarle with a price target of $291, while Citigroup downgraded its action to Buy with a price target of $260.
June 28, 2023 | 3:18 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Albemarle. The sentiment among big-money traders is 69% bearish. The price is down -1.47% at $223.74. Keybanc maintains an Overweight rating with a price target of $291, while Citigroup downgraded to Buy with a price target of $260.
The unusual options activity, with a significant bearish sentiment, indicates that large investors are expecting a decrease in Albemarle's stock price. This, combined with the current price decrease of -1.47%, suggests a negative short-term impact on the stock. The analyst ratings from Keybanc and Citigroup, while positive, may not be enough to counteract this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100