Exxon Mobil Unusual Options Activity For August 30
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Exxon Mobil (NYSE:XOM) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 73% bullish and 26% bearish. The whales have been targeting a price range from $105.0 to $115.0 for Exxon Mobil over the last 3 months. UBS, Mizuho, and Morgan Stanley have maintained their Buy and Overweight ratings on Exxon Mobil with price targets of $139, $131, and $124 respectively.
August 30, 2023 | 3:30 pm
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Exxon Mobil has seen unusual options activity with a predominantly bullish sentiment. Analysts from UBS, Mizuho, and Morgan Stanley have maintained positive ratings on the stock.
The unusual options activity, predominantly bullish, indicates that big-money traders are expecting the stock price to rise. This is further supported by the positive ratings maintained by UBS, Mizuho, and Morgan Stanley. Therefore, the short-term impact on Exxon Mobil's stock price is likely to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100