Cisco Systems Unusual Options Activity For September 15
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Cisco Systems (NASDAQ:CSCO), with a bearish stance taken by a large investor. The sentiment among these big-money traders is 70% bearish and 30% bullish. The targeted price range for Cisco Systems over the last 3 months is from $50.0 to $62.5. The price of CSCO is currently down -1.03% at $55.79. Several financial institutions have maintained their ratings on Cisco Systems, with price targets ranging from $53 to $63.
September 15, 2023 | 3:17 pm
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Cisco Systems has seen unusual options activity, with a large investor taking a bearish stance. The current price is down -1.03% at $55.79, with price targets from various institutions ranging from $53 to $63.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. Furthermore, the current price of the stock is already down by -1.03%. However, the various price targets set by financial institutions suggest a potential for price recovery.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100