Looking At Verizon Communications's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Verizon Communications (NYSE:VZ) as indicated by unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $30.0 to $38.0 for Verizon over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $44 while Wells Fargo maintains their Equal-Weight rating with a price target of $36.
July 20, 2023 | 5:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Verizon Communications. The sentiment among big-money traders is 60% bearish, which could potentially impact the stock price.
The unusual options activity, with a majority being bearish, indicates that big-money traders are expecting the stock price to go down. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100