Looking At Devon Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Devon Energy (NYSE:DVN) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 70% bullish and 29% bearish. Whales have been targeting a price range from $35.0 to $65.0 for Devon Energy over the last 3 months. The price of DVN is up 3.42% at $51.44. Several financial institutions have maintained their ratings on Devon Energy, with price targets ranging from $50 to $77.
August 04, 2023 | 1:54 pm
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Devon Energy has seen unusual options activity, indicating a bullish stance by big-money traders. The stock price is up 3.42% and price targets from financial institutions range from $50 to $77.
The unusual options activity, which is heavily weighted towards a bullish stance, indicates that big-money traders expect the stock price to rise. This, combined with the recent increase in stock price and the maintained ratings from financial institutions, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100