Citigroup Unusual Options Activity For September 05
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Citigroup (NYSE:C) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $35.0 to $50.0 for Citigroup over the last 3 months. Wells Fargo and Oppenheimer have maintained their Overweight and Outperform ratings on Citigroup, respectively.
September 05, 2023 | 3:46 pm
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Unusual options activity indicates a significant bearish stance on Citigroup. The sentiment of big-money traders is split, with a slight lean towards bearish. Analysts from Wells Fargo and Oppenheimer maintain positive ratings on the stock.
The unusual options activity, with a bearish stance, indicates that large investors are expecting a potential drop in Citigroup's stock price. This could lead to increased selling pressure on the stock, potentially driving the price down in the short term. However, positive ratings from Wells Fargo and Oppenheimer may counterbalance this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100