D.R. Horton Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for D.R. Horton (NYSE:DHI), with a bearish stance being taken by a majority of investors. Of the 24 strange trades detected, 58% were bearish and 41% were bullish. The total amount for puts was $829,394 and for calls was $505,656. Whales have been targeting a price range from $97.5 to $131.0 for D.R. Horton over the last 3 months. The current price of DHI is $116.44, down -0.05%. Credit Suisse has downgraded its action to Neutral with a price target of $120, while JP Morgan, JMP Securities, BTIG, and Keefe, Bruyette & Woods have maintained their ratings with price targets of $146, $140, $164, and $142 respectively.
August 18, 2023 | 5:46 pm
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NEGATIVE IMPACT
Unusual options activity has been detected for D.R. Horton, with a bearish stance being taken by a majority of investors. The current price of DHI is $116.44, down -0.05%. Mixed ratings from experts with price targets ranging from $120 to $164.
The bearish stance taken by a majority of investors in the unusual options activity, along with the current price decrease, could potentially lead to a short-term decrease in DHI's stock price. However, the mixed ratings from experts suggest that the long-term outlook may be more positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100