Walgreens Boots Alliance Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Walgreens Boots Alliance (NASDAQ:WBA), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $844,764 and for calls was $86,648. Whales have been targeting a price range from $20.0 to $50.0 for Walgreens Boots Alliance over the last 3 months. The current price of WBA is up 0.85% at $25.39. Credit Suisse has maintained their Neutral rating on Walgreens Boots Alliance, with a price target of $30.
August 29, 2023 | 7:31 pm
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Unusual options activity has been detected for Walgreens Boots Alliance, with a bearish stance being taken by a majority of investors. The current price of WBA is up 0.85% at $25.39. Credit Suisse has maintained their Neutral rating on Walgreens Boots Alliance, with a price target of $30.
The bearish stance taken by a majority of investors in the unusual options activity for Walgreens Boots Alliance indicates a potential decrease in the stock price. The current price is up, but the bearish sentiment and the neutral rating from Credit Suisse suggest that the stock may not continue to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100