EOG Resources Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on EOG Resources (NYSE:EOG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 28% bullish and 71% bearish. The whales have been targeting a price range from $57.7 to $167.5 for EOG Resources over the last 3 months. The price of EOG is currently down -2.44% at $118.78. RBC Capital has maintained their Sector Perform rating on EOG Resources, with a price target of $145.
July 14, 2023 | 8:02 pm
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Unusual options activity indicates a significant bearish stance on EOG Resources. The sentiment among big-money traders is largely bearish. The current price of EOG is down, and RBC Capital has maintained a Sector Perform rating.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests a potential downward pressure on the stock price. The sentiment among big-money traders is also largely bearish, which could further contribute to the downward trend. The current price of EOG is already down, and while RBC Capital has maintained a Sector Perform rating, this does not necessarily indicate a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100