Looking At Citigroup's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Citigroup (NYSE:C) as evidenced by unusual options activity. The sentiment among these big-money traders is 81% bullish and 18% bearish. The price range targeted by these traders for Citigroup over the last 3 months is $41.0 to $50.0. HSBC has downgraded Citigroup to Hold with a price target of $43, while Piper Sandler and Wells Fargo maintain their Neutral and Overweight ratings respectively, with price targets of $47 and $55.
September 19, 2023 | 2:16 pm
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Unusual bullish options activity has been observed for Citigroup. The targeted price range is $41.0 to $50.0. Analysts have mixed ratings with HSBC downgrading to Hold, while Piper Sandler and Wells Fargo maintain their ratings.
The unusual options activity indicates that big-money traders are bullish on Citigroup, which could drive the stock price up in the short term. However, the mixed analyst ratings suggest some uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100