General Electric Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on General Electric (NYSE:GE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $95.0 to $125.0 for GE over the last 3 months. Morgan Stanley maintains an Overweight rating on GE with a price target of $125.
September 05, 2023 | 5:30 pm
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Unusual options activity indicates a significant bearish stance on General Electric. The sentiment among big-money traders is 75% bearish. Morgan Stanley maintains an Overweight rating on GE with a price target of $125.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward pressure on GE's stock price in the short term. However, Morgan Stanley's Overweight rating and a price target of $125 provide a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100