General Electric Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on General Electric (NYSE:GE) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $40.0 to $115.0 for General Electric over the last 3 months. Barclays maintains an Overweight rating on General Electric with a price target of $125.
June 29, 2023 | 7:03 pm
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Unusual options activity indicates a bullish stance on General Electric. Barclays maintains an Overweight rating with a price target of $125.
The unusual options activity, with a majority being bullish, indicates that big-money traders are expecting the price of General Electric to rise. This is further supported by Barclays maintaining an Overweight rating on the stock with a price target of $125, which is higher than the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100