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 80% bearish and 20% bullish. The targeted price range for Albemarle over the last 3 months is from $220.0 to $250.0. Keybanc has maintained their Overweight rating on Albemarle with a price target of $291, while Citigroup has downgraded its action to Buy with a price target of $260.
July 11, 2023 | 3:24 pm
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Unusual options activity indicates a significant bearish stance on Albemarle. The sentiment among big-money traders is 80% bearish and 20% bullish. Keybanc has maintained their Overweight rating on Albemarle with a price target of $291, while Citigroup has downgraded its action to Buy with a price target of $260.
The unusual options activity, with 80% bearish sentiment among big-money traders, indicates a potential downward pressure on Albemarle's stock price. This is further supported by Citigroup's downgrade to Buy. However, Keybanc's maintained Overweight rating suggests some positive outlook, which might mitigate the bearish impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100