Verizon Communications Unusual Options Activity For September 14
Portfolio Pulse from Benzinga Insights
Verizon Communications (NYSE:VZ) has seen unusual options activity, with over 10 trades summing to $341,088. Whales have been targeting a price range from $33.0 to $35.0 for Verizon over the last 3 months. The price of VZ is up 1.05% at $34.22. Citigroup upgraded its action to Buy with a price target of $40, while Oppenheimer downgraded its action to Outperform with a price target of $43.
September 14, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Verizon Communications has seen unusual options activity, with over 10 trades summing to $341,088. The price of VZ is up 1.05% at $34.22. Citigroup upgraded its action to Buy with a price target of $40, while Oppenheimer downgraded its action to Outperform with a price target of $43.
The unusual options activity indicates a high level of interest in Verizon's stock, which could lead to increased volatility. The upgrades and downgrades from Citigroup and Oppenheimer respectively, suggest differing views on the company's future performance, which could also contribute to volatility. The price target set by both firms is higher than the current price, indicating potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100