Looking At Verizon Communications's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Verizon Communications (NYSE:VZ), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades for Verizon, with 40% bullish and 60% bearish sentiment. The whales have been targeting a price range from $20.0 to $50.0 for Verizon over the last 3 months. Analysts from Goldman Sachs, Raymond James, Morgan Stanley, and Citigroup have maintained their ratings on Verizon, with price targets ranging from $36 to $44.
August 21, 2023 | 7:00 pm
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Verizon Communications has seen unusual options activity, with a large investor taking a bearish stance. Analysts have maintained their ratings, with price targets ranging from $36 to $44.
The unusual options activity, particularly the bearish stance taken by a large investor, could potentially impact Verizon's stock price negatively in the short term. The maintained ratings and price targets by analysts suggest a stable outlook, but the bearish sentiment from the large investor may outweigh this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100