S&P Global Unusual Options Activity For July 27
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for S&P Global (NYSE:SPGI), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $320.0 and $490.0. The current price of SPGI is down by 7.85% at $394.8. Wells Fargo, Morgan Stanley, and Raymond James have maintained their positive ratings on S&P Global, with price targets of $450, $427, and $421 respectively.
July 27, 2023 | 7:01 pm
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S&P Global has seen unusual options activity, with a majority of investors taking a bearish stance. The stock's price is currently down by 7.85%. However, Wells Fargo, Morgan Stanley, and Raymond James have maintained their positive ratings on the company.
The bearish stance taken by a majority of investors in the options market could potentially drive the stock price down in the short term. However, the positive ratings maintained by major financial institutions could provide some support to the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100