General Electric Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for General Electric (NYSE:GE), with 83% of investors opening trades with bearish expectations. The price target range for GE over the last 3 months has been $75.0 to $125.0. Citigroup and Wells Fargo have maintained their Buy and Equal-Weight ratings on GE respectively, with price targets of $126 and $105. GE's next earnings are expected in 12 days.
July 13, 2023 | 5:35 pm
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Bearish options activity has been observed for General Electric, with a price target range of $75.0 to $125.0. Citigroup and Wells Fargo have maintained their ratings on GE, with price targets of $126 and $105 respectively.
The bearish options activity indicates that investors are expecting GE's stock price to decrease. This, combined with the price target range and the maintained ratings from Citigroup and Wells Fargo, suggests that there may be some volatility in GE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100