Cigna Group Unusual Options Activity For August 02
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Cigna Group (NYSE:CI) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $190.0 to $370.0 for Cigna Group over the last 3 months. UBS and JP Morgan have maintained their Buy and Overweight ratings on Cigna Group, with price targets of $355 and $341 respectively.
August 04, 2023 | 12:02 pm
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Cigna Group has seen unusual options activity with a bearish sentiment from a large investor. UBS and JP Morgan have maintained their positive ratings on the company.
The unusual options activity indicates that a large investor is expecting the price of Cigna Group to decrease. This could potentially lead to a short-term decrease in the stock price. However, the positive ratings from UBS and JP Morgan suggest that the company's fundamentals remain strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100