Cisco Systems 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. The price target range for Cisco Systems over the last 3 months has been between $40.0 to $60.0. The company's stock price is currently up 0.84% at $53.55. Analysts have mixed opinions, with downgrades from Exane BNP Paribas and Citigroup, and an upgrade from JP Morgan.
July 25, 2023 | 5:31 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 0.84% at $53.55. 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 impact the stock price. However, the current stock price is up, indicating a positive short-term trend. The mixed analyst opinions add uncertainty to the potential impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100