Verizon Communications Unusual Options Activity For August 10
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Verizon Communications (NYSE:VZ) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $28.0 to $80.0 for Verizon over the last 3 months. Analysts from Raymond James, Wells Fargo, Goldman Sachs, Citigroup, and Morgan Stanley have maintained their ratings on Verizon, with price targets ranging from $36 to $44.
August 10, 2023 | 5:16 pm
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Unusual options activity indicates a significant bearish stance on Verizon Communications. Analysts maintain their ratings with price targets ranging from $36 to $44.
The unusual options activity, with 80% bearish sentiment, indicates that large investors are expecting Verizon's stock price to decrease. This could lead to a short-term negative impact on the stock. However, analysts have maintained their ratings, suggesting they believe the company's fundamentals remain strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100