Petrobras Brasileiro Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Petrobras Brasileiro (NYSE:PBR), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $12.0 to $16.0 for Petrobras Brasileiro over the last 3 months. The current price of PBR is down -0.88% at $13.51. Citigroup, Bradesco Corretora, and HSBC have all given neutral to bearish ratings with price targets of $14, $10, and $13 respectively.
August 14, 2023 | 6:01 pm
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NEUTRAL IMPACT
Petrobras Brasileiro has seen unusual options activity, with a majority of investors bullish. The stock price is currently down, and analyst ratings are neutral to bearish.
The bullish options activity indicates investor confidence in the stock's potential to rise. However, the current downward trend in stock price and neutral to bearish analyst ratings may counteract this bullish sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100