Cisco Systems Unusual Options Activity For July 14
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Cisco Systems (NASDAQ:CSCO) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $35.0 to $57.5 for Cisco Systems over the last 3 months. Citigroup and B of A Securities have both downgraded their action to Neutral with price targets of $54 and $56 respectively.
July 14, 2023 | 6:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Cisco Systems. The sentiment of big-money traders is split between 43% bullish and 56% bearish. Citigroup and B of A Securities have both downgraded their action to Neutral.
The unusual options activity and the bearish sentiment among big-money traders, along with the downgrades from Citigroup and B of A Securities, suggest a potential short-term negative impact on Cisco Systems' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100