Boeing Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Boeing (NYSE:BA) has been observed through unusual options activity. The sentiment among big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $160.0 to $290.0 for Boeing over the last 3 months. The price of BA is up 0.62% at $232.81. Analysts from JP Morgan, Citigroup, Morgan Stanley, and Wells Fargo maintain positive ratings on Boeing, while RBC Capital downgraded its action to Sector Perform.
August 04, 2023 | 1:38 pm
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Unusual options activity indicates a significant bearish stance on Boeing. The sentiment among big-money traders is split between 38% bullish and 61% bearish.
The unusual options activity and the bearish sentiment among big-money traders indicate potential downward pressure on Boeing's stock price in the short term. However, positive ratings from several analysts may counterbalance this effect.
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IMPORTANCE 80
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