Looking At Citigroup's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Citigroup (NYSE:C) 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 $22.5 to $52.5 for Citigroup over the last 3 months. Analysts' ratings on Citigroup vary, with Jefferies and Oppenheimer maintaining their Hold and Outperform ratings respectively, while Morgan Stanley and Credit Suisse have downgraded their ratings.
July 24, 2023 | 4:01 pm
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Unusual options activity indicates a bearish stance on Citigroup. The sentiment among big-money traders is 60% bearish. Analysts' ratings on Citigroup vary.
The unusual options activity and the bearish sentiment among big-money traders could potentially impact Citigroup's stock price negatively in the short term. Additionally, the varying ratings from analysts could create uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100