Looking At Pioneer Natural Resources's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Pioneer Natural Resources (NYSE:PXD), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The targeted price range for PXD over the last 3 months is $170.0 to $230.0. The current price of PXD is $233.3, down by 0.33%. Analysts from Jefferies, Stifel, Mizuho, Morgan Stanley, and Truist Securities have maintained their ratings on PXD.
August 24, 2023 | 7:19 pm
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Pioneer Natural Resources has seen unusual options activity, with a large investor taking a bearish stance. The targeted price range for PXD over the last 3 months is $170.0 to $230.0. The current price of PXD is $233.3, down by 0.33%.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates a potential downward movement for PXD in the short term. This is further supported by the current price of PXD being at the higher end of the targeted price range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100