Bank of America Unusual Options Activity For September 13
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Bank of America (NYSE:BAC), with a majority of investors taking a bullish stance. The trades range from $25.0 to $42.0 for Bank of America over the last 3 months. The current price of BAC is down -0.67% at $28.77. Analysts from Oppenheimer, RBC Capital, HSBC, and Wells Fargo have given price targets of $49, $35, $35, and $40 respectively.
September 13, 2023 | 7:46 pm
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Bank of America has seen unusual options activity, with a majority of investors taking a bullish stance. The current price is down -0.67% at $28.77. Analysts have given varied price targets.
The unusual options activity indicates that investors are taking a bullish stance on Bank of America, which could potentially drive the price up in the short term. However, the current price is down, indicating some market uncertainty. The varied analyst price targets also suggest differing views on the stock's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100