Looking At Cisco Systems's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Cisco Systems (NASDAQ:CSCO), with a bearish stance being taken by a majority of investors. Over the last 3 months, the price target for Cisco Systems has been between $47.0 and $55.0. The company's stock price is currently up 0.5% at $52.63. Analysts have mixed opinions, with JP Morgan upgrading its action to Overweight with a price target of $62, while B of A Securities, Citigroup, and Exane BNP Paribas have downgraded their actions.
July 21, 2023 | 8:20 pm
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Cisco Systems has seen unusual options activity, with a bearish stance being taken by a majority of investors. The stock price is currently up 0.5% at $52.63. Analysts have mixed opinions on the company's future.
The unusual options activity indicates that investors are taking a bearish stance on Cisco Systems, which could potentially lead to a decrease in the stock price. However, the current stock price is up, indicating a positive short-term trend. The mixed analyst opinions add uncertainty to the future performance of the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100