This Is What Whales Are Betting On Chevron
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Chevron (NYSE:CVX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $85.0 to $170.0 for Chevron over the last 3 months. Chevron's current price is $153.72, with next earnings expected in 11 days. Analysts from Raymond James, Mizuho, and Citigroup maintain their ratings on Chevron with price targets of $200, $205, and $170 respectively.
July 17, 2023 | 6:16 pm
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Unusual options activity indicates a significant bearish stance on Chevron. Analysts maintain their ratings with varying price targets.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. However, the maintained ratings and price targets by analysts from Raymond James, Mizuho, and Citigroup could provide some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100