Looking At Chevron's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Chevron (NYSE:CVX), with 90% of recent trades being bearish. The trades have targeted a price range of $155.0 to $170.0 for Chevron over the last 3 months. The current price of CVX is down -0.43% at $161.13. Analysts from Mizuho, UBS, Morgan Stanley, Citigroup, and Raymond James have maintained their ratings on Chevron, with price targets ranging from $170 to $205.
July 25, 2023 | 2:04 pm
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Chevron has seen significant bearish options activity, with a target price range of $155.0 to $170.0. Analysts have maintained their ratings, with price targets from $170 to $205.
The bearish stance taken by a significant investor, as evidenced by the options activity, suggests a potential downward pressure on Chevron's stock price in the short term. However, the maintained ratings and price targets from analysts indicate a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100