Looking At Visa's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Visa (NYSE:V), with a mix of bullish and bearish stances. The majority of the trades are bearish, with 53% of investors expecting a downward trend. The price target for Visa over the last three months has been between $150.0 and $330.0. Analysts from Mizuho and Wedbush have downgraded their ratings for Visa, while JP Morgan maintains an Overweight rating with a price target of $296.
September 08, 2023 | 5:46 pm
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Visa has seen unusual options activity, with a majority of bearish trades. Analysts have mixed views, with downgrades from Mizuho and Wedbush, while JP Morgan maintains an Overweight rating.
The unusual options activity, with a majority of bearish trades, indicates that investors are expecting a downward trend for Visa. This, combined with the downgrades from Mizuho and Wedbush, could negatively impact Visa's stock price in the short term. However, JP Morgan's maintained Overweight rating suggests some positive sentiment.
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