Looking At Albemarle's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Albemarle (NYSE:ALB), with 65% of investors taking a bullish stance and 35% bearish. The trades include 10 puts amounting to $1,833,575 and 10 calls amounting to $436,530. Whales have been targeting a price range of $170 to $280 for Albemarle over the last 3 months. Wells Fargo and Keybanc maintain an Overweight rating on Albemarle with price targets of $270 and $291 respectively, while Morgan Stanley downgraded its action to Underweight with a price target of $155.
July 21, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Albemarle has seen significant unusual options activity, with a mix of bullish and bearish stances. Analysts have mixed opinions, with Wells Fargo and Keybanc maintaining an Overweight rating, while Morgan Stanley has downgraded to Underweight.
The unusual options activity indicates that there is significant interest in Albemarle's stock, which could lead to increased volatility. The mixed analyst ratings suggest uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100