ConocoPhillips Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 90% bearish and 10% bullish. The targeted price range for ConocoPhillips over the last 3 months has been $75.0 to $120.0. The current price of COP is up 0.43% at $115.48. Analysts from Morgan Stanley, Wells Fargo, Raymond James, Mizuho, and Wolfe Research have given their ratings and price targets.
August 04, 2023 | 3:46 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on ConocoPhillips, with 90% bearish sentiment observed in unusual options activity. The stock's current price is up 0.43% at $115.48.
The bearish stance taken by a large investor, as seen in the unusual options activity, indicates a potential downward pressure on the stock price in the short term. This is further supported by the 90% bearish sentiment among big-money traders. However, the current price is up, indicating some positive sentiment in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100