General Electric Unusual Options Activity For July 27
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on General Electric (NYSE:GE) as evidenced by unusual options activity. Benzinga's options scanner spotted 12 uncommon options trades for GE, with a split sentiment of 41% bullish and 58% bearish. The targeted price range for GE over the last 3 months is from $80.0 to $120.0. The current price of GE is up 1.3% at $116.21. Several financial institutions have maintained their positive ratings on GE, with price targets ranging from $105 to $135.
July 27, 2023 | 5:16 pm
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Unusual options activity indicates a bearish sentiment towards General Electric. Despite this, the stock price is up and several financial institutions have maintained their positive ratings on GE.
The unusual options activity indicates that some investors are taking a bearish stance on GE. However, the stock price is currently up and several financial institutions have maintained their positive ratings on the company, which could counteract the bearish sentiment. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100