Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bullish stance on Bank of America (NYSE:BAC), with 56% of recent unusual options trades being bullish and 43% bearish. The trades indicate a target price range of $24.0 to $35.0 for Bank of America over the next three months. The current price of BAC is $32.6, up 1.95%. Analysts from Morgan Stanley, RBC Capital, Oppenheimer, and BMO Capital have maintained their ratings on BAC, with price targets ranging from $33 to $52.
July 24, 2023 | 3:15 pm
News sentiment analysis
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POSITIVE IMPACT
Bank of America has seen a surge in bullish options trades, indicating positive investor sentiment. Analysts have maintained their ratings, suggesting stability.
The bullish sentiment in options trades and the maintained ratings from analysts suggest a positive short-term impact on BAC's stock price. The current price increase also indicates positive momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100