Cisco Systems Unusual Options Activity For July 28
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Cisco Systems (NASDAQ:CSCO), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $45.0 to $55.0 for Cisco Systems over the last 3 months. The company's stock price is currently down by 1.77% at $52.06. Analysts have mixed opinions, with JP Morgan upgrading its action to Overweight with a price target of $62, while B of A Securities, Citigroup, and Exane BNP Paribas have downgraded their actions.
July 28, 2023 | 5:15 pm
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Cisco Systems has seen unusual options activity, with a majority of investors taking a bearish stance. The stock price is currently down by 1.77% at $52.06. Analysts have mixed opinions on the company's future performance.
The bearish stance taken by a majority of investors in the unusual options activity indicates a negative sentiment towards Cisco Systems. This, coupled with the current decrease in stock price and mixed analyst opinions, suggests a potential short-term negative impact on the company's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100