Cisco Systems Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Cisco Systems (NASDAQ:CSCO), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $55.0 to $70.0 for Cisco Systems over the last 3 months. The current price of CSCO is up 0.62% at $55.8. Analysts from Citigroup, Deutsche Bank, Oppenheimer, Rosenblatt, and Piper Sandler have maintained their ratings on Cisco Systems, with price targets ranging from $53 to $59.
August 23, 2023 | 4:48 pm
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Cisco Systems has seen unusual options activity, with a majority of investors bullish. The stock price is up 0.62% at $55.8. Analysts have maintained their ratings, with price targets ranging from $53 to $59.
The bullish stance of the majority of investors in the options market, coupled with the maintained ratings from analysts, indicates a positive short-term impact on Cisco Systems' stock. The current upward trend in the stock price also supports this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100