Verizon Communications Unusual Options Activity For August 01
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Verizon Communications (NYSE:VZ) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. Over the last 3 months, the targeted price range for Verizon has been between $24.0 and $80.0. The price of VZ is currently down by 1.69% at $33.51. Analysts from Raymond James, Wells Fargo, Goldman Sachs, Citigroup, and Morgan Stanley have maintained their ratings on Verizon, with price targets ranging from $36 to $44.
August 04, 2023 | 10:02 am
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Verizon Communications. The price of VZ is currently down by 1.69% at $33.51.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Verizon Communications to decrease. This, combined with the current price decrease of 1.69%, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100