SLB Unusual Options Activity For September 21
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Schlumberger Limited (NYSE:SLB), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $57.5 to $61.0 for SLB over the last 3 months. The price of SLB is currently down -1.15% at $59.1. Piper Sandler, Susquehanna, and Citigroup have maintained their positive ratings on SLB with price targets of $77, $72, and $70 respectively.
September 21, 2023 | 3:01 pm
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Unusual options activity observed for Schlumberger Limited (NYSE:SLB) with a bearish stance taken by a large investor. The price of SLB is currently down -1.15% at $59.1. Positive ratings maintained by Piper Sandler, Susquehanna, and Citigroup.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates a potential downward pressure on the stock price in the short term. However, the positive ratings and price targets from Piper Sandler, Susquehanna, and Citigroup suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100