Devon Energy Unusual Options Activity For August 30
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Devon Energy (NYSE:DVN), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $45.0 to $60.0 for Devon Energy over the last 3 months. Several financial institutions have maintained their ratings on Devon Energy, with price targets ranging from $55 to $79.
August 30, 2023 | 7:31 pm
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Unusual options activity observed for Devon Energy, with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. Several financial institutions have maintained their ratings on Devon Energy, with price targets ranging from $55 to $79.
The unusual options activity, particularly the bearish stance taken by a large investor, could potentially impact the stock price of Devon Energy in the short term. The sentiment among these big-money traders, which is more bearish than bullish, also indicates a potential downward pressure on the stock price. However, the maintained ratings and price targets by several financial institutions could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100