Looking At CVS Health's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for CVS Health (NYSE:CVS), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The targeted price range for CVS Health over the last 3 months has been from $60.0 to $77.5. Barclays, JP Morgan, and Mizuho have maintained their positive ratings on CVS Health, with price targets of $89, $106, and $88 respectively.
July 31, 2023 | 7:47 pm
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Unusual options activity and positive ratings from Barclays, JP Morgan, and Mizuho indicate a bullish outlook for CVS Health. The targeted price range for CVS Health over the last 3 months has been from $60.0 to $77.5.
The unusual options activity indicates that a large investor or institution is taking a bullish stance on CVS Health. This, combined with the positive ratings from Barclays, JP Morgan, and Mizuho, suggests a positive short-term impact on the stock price of CVS Health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100