Citigroup Unusual Options Activity For September 08
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been detected for Citigroup (NYSE:C), with 92% of investors opening trades with bearish expectations. The total amount for puts is $725,759 and for calls is $210,823. Whales have been targeting a price range from $40.0 to $60.0 for Citigroup over the last 3 months. The current price of Citigroup is down -0.56% at $40.5. Wells Fargo, HSBC, and Oppenheimer have maintained their ratings on Citigroup with price targets of $55, $43, and $85 respectively.
September 08, 2023 | 2:01 pm
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NEGATIVE IMPACT
Bearish options activity has been detected for Citigroup. The current price is down -0.56% at $40.5. Analysts from Wells Fargo, HSBC, and Oppenheimer have maintained their ratings with price targets of $55, $43, and $85 respectively.
The bearish options activity indicates that investors are expecting the price of Citigroup to decrease. This, combined with the current price decrease of -0.56%, could potentially lead to a short-term decrease in the stock price. However, the maintained ratings and price targets from analysts suggest that the long-term outlook may still be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100