Citigroup Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected over 11 options trades for Citigroup (NYSE:C) totaling $732,211. Whales have been targeting a price range from $30.0 to $60.0 for Citigroup over the last 3 months. Wells Fargo and Oppenheimer maintain their Overweight and Outperform ratings on Citigroup, respectively, with price targets of $55 and $85. HSBC downgraded its action to Hold with a price target of $43.
September 12, 2023 | 4:02 pm
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POSITIVE IMPACT
Increased options activity and positive ratings from Wells Fargo and Oppenheimer could boost Citigroup's stock. However, HSBC's downgrade to Hold might limit the upside.
The detected options trades indicate increased interest in Citigroup's stock, which could drive its price up. Positive ratings from Wells Fargo and Oppenheimer also support this upward trend. However, HSBC's downgrade to Hold suggests a more cautious outlook, which might limit the stock's potential gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100