CVS Health Unusual Options Activity For September 19
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for CVS Health (NYSE:CVS), with a bearish stance taken by a large investor. The options scanner at Benzinga spotted 15 options trades for CVS Health, with an overall sentiment of 100% bearish. The price target range for CVS Health over the last 3 months has been $70.0 to $72.5. CVS Health's stock price is currently up 1.88% at $72.03. Several research firms have given their ratings on CVS Health, with price targets ranging from $80 to $87.
September 19, 2023 | 2:30 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on CVS Health, with unusual options activity observed. The price target range for CVS Health over the last 3 months has been $70.0 to $72.5. The stock price is currently up 1.88% at $72.03.
The unusual options activity and the bearish stance taken by a large investor could potentially lead to a decrease in CVS Health's stock price in the short term. The price target range of $70.0 to $72.5 also suggests a potential downside from the current price of $72.03.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100