Looking At PNC Finl Servs Gr's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for PNC Financial Services Group (NYSE:PNC), with a predominantly bearish sentiment. Whales have been targeting a price range from $115.0 to $150.0 for PNC over the last 3 months. The current price of PNC is $135.6, up 0.07%. Morgan Stanley maintains an Underweight rating on PNC with a price target of $144, while Credit Suisse maintains a Neutral rating with a price target of $135.
July 31, 2023 | 6:46 pm
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NEGATIVE IMPACT
PNC Financial Services Group has seen significant unusual options activity, with a predominantly bearish sentiment. The current price is $135.6, up 0.07%. Analysts from Morgan Stanley and Credit Suisse maintain Underweight and Neutral ratings respectively.
The bearish sentiment observed in the unusual options activity indicates that investors are expecting the price of PNC to decrease. This, combined with the Underweight and Neutral ratings from Morgan Stanley and Credit Suisse respectively, suggests a potential negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100