Looking At EOG Resources's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for EOG Resources (NYSE:EOG), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $105.0 to $145.0 for EOG Resources over the last 3 months. Piper Sandler maintains an Overweight rating on EOG Resources with a price target of $155, while Goldman Sachs downgraded its action to Neutral with a price target of $130.
June 30, 2023 | 2:46 pm
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Unusual options activity observed for EOG Resources with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 31% bullish and 68% bearish.
The unusual options activity and the bearish stance taken by a large investor indicate a potential negative impact on EOG Resources' stock price in the short term. The sentiment among these big-money traders is more bearish than bullish, which could lead to a downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100