Verizon Communications Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Verizon Communications (NYSE:VZ) has seen unusual options activity, with a large bearish position being taken. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $33.0 to $50.0 for Verizon Communications over the last 3 months. 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 20, 2023 | 3:02 pm
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Verizon Communications has seen unusual options activity with a large bearish position. The sentiment of big-money traders is 38% bullish and 61% bearish.
The unusual options activity, particularly the large bearish position, indicates that there may be a negative sentiment towards Verizon Communications. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100