Looking At Citigroup's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Citigroup (NYSE:C), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $40.0 and $57.5. The current price of Citigroup's stock is $47.91, up 2.97%. Analysts from Jefferies, Morgan Stanley, RBC Capital, and Wells Fargo have given varied ratings and price targets for the stock.
July 12, 2023 | 2:50 pm
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Citigroup has seen unusual options activity, with a bearish stance being taken by a majority of investors. The stock's current price is $47.91, up 2.97%. Analysts have given varied ratings and price targets.
The unusual options activity indicates that investors are speculating on the future price of Citigroup's stock. The bearish stance taken by a majority of these investors could potentially put downward pressure on the stock's price. However, the stock's current upward trend and the varied ratings and price targets given by analysts make the short-term impact on the stock's price uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100