Chevron Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Chevron (NYSE:CVX), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 39% bullish and 60% bearish. The price range targeted by these investors for Chevron over the last 3 months is from $100.0 to $170.0. Chevron's stock price is currently up 3.02% at $163.66. Analysts from Raymond James, Mizuho, Truist Securities, UBS, and Morgan Stanley have maintained their ratings on Chevron, with price targets ranging from $165 to $205.
July 31, 2023 | 8:52 pm
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Chevron has seen unusual options activity with a bearish sentiment from a large investor. The stock price is up 3.02% at $163.66. Analysts have maintained their ratings with price targets from $165 to $205.
The unusual options activity, particularly the bearish sentiment from a large investor, could potentially impact Chevron's stock price negatively in the short term. However, the maintained ratings and price targets from analysts suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100