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 noticed by Benzinga's options scanner. The scanner spotted 16 uncommon options trades for GE, with the sentiment of these big-money traders being split between 31% bullish and 68% bearish. The whales have been targeting a price range from $100.0 to $125.0 for GE over the last 3 months. The price of GE is currently down -1.51% at $113.27.
September 13, 2023 | 6:46 pm
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A large investor has taken a bearish stance on General Electric, with 68% of big-money traders also being bearish. The price of GE is currently down -1.51% at $113.27.
The bearish stance taken by a large investor, along with the bearish sentiment among big-money traders, indicates a potential downward pressure on GE's stock price in the short term. This is further supported by the current decrease in GE's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100