Check Out What Whales Are Doing With CVX
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Chevron (NYSE:CVX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 36% bullish and 63% bearish. Over the last three months, the price target for Chevron has been between $110.0 and $175.0. The price of CVX is currently down by 2.17% at $158.77. Several financial institutions have maintained their ratings on Chevron, with price targets ranging from $165 to $202.
August 04, 2023 | 11:36 am
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Chevron (NYSE:CVX) has seen significant options activity, indicating a bearish stance by a large investor. The current price of CVX is down by 2.17% at $158.77. Several financial institutions have maintained their ratings on Chevron, with price targets ranging from $165 to $202.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the price of CVX down in the short term. The current price of CVX is already down by 2.17%. However, several financial institutions have maintained their ratings on Chevron, with price targets ranging from $165 to $202, which could potentially provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100