Looking At Blackstone's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Blackstone (NYSE:BX), with a majority of investors taking a bearish stance. The targeted price range for Blackstone over the last 3 months has been between $70.0 and $200.0. The current price of BX is up 1.54% at $114.41, with RSI indicators suggesting the stock may be overbought. Morgan Stanley has downgraded its action to Overweight with a price target of $125.
September 11, 2023 | 5:46 pm
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Blackstone has seen unusual options activity, with majority investors bearish. The stock price is up 1.54% at $114.41, potentially overbought.
The unusual options activity, with a majority of investors taking a bearish stance, could potentially lead to a decrease in Blackstone's stock price in the short term. The stock is currently up, but RSI indicators suggest it may be overbought, which could lead to a price correction. Morgan Stanley's downgrade to Overweight also suggests a potential downside.
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