Petrobras Brasileiro Unusual Options Activity For July 31
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Petrobras Brasileiro (NYSE:PBR) as indicated by unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $13.0 to $20.0 for Petrobras Brasileiro over the last 3 months. The current price of PBR is up 4.92% at $14.62. Bradesco Corretora maintains a Neutral rating on Petrobras Brasileiro with a price target of $10.
July 31, 2023 | 3:45 pm
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Unusual options activity indicates a bearish stance on Petrobras Brasileiro. The sentiment among big-money traders is 60% bearish. The current price of PBR is up 4.92% at $14.62. Bradesco Corretora maintains a Neutral rating on Petrobras Brasileiro with a price target of $10.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward movement in the short term for Petrobras Brasileiro. This, combined with the Neutral rating from Bradesco Corretora and their price target of $10, which is below the current price, suggests a negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100