ConocoPhillips Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on ConocoPhillips (NYSE:COP) with unusual options activity spotted. The sentiment among these big-money traders is split between 72% bullish and 27% bearish. The whales have been targeting a price range from $70.0 to $120.0 for ConocoPhillips over the last 3 months. The current price of COP is up 1.77% at $109.34. Citigroup, Wolfe Research, Piper Sandler, and Mizuho have maintained their positive ratings on ConocoPhillips with price targets ranging from $120 to $140.
July 12, 2023 | 7:49 pm
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ConocoPhillips has seen unusual bullish options activity. The sentiment among these traders is 72% bullish. Analysts have maintained their positive ratings with price targets ranging from $120 to $140.
The unusual bullish options activity indicates that big-money traders are expecting the price of ConocoPhillips to increase. This, combined with the positive ratings and high price targets from analysts, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100