Humana Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Humana (NYSE:HUM), with a bearish stance being taken by a majority of investors. Of the 12 strange trades detected, 33% were bullish and 66% were bearish. The total amount for puts was $309,457 and for calls was $420,320. Whales have been targeting a price range from $445.0 to $620.0 for Humana over the last 3 months. Cantor Fitzgerald downgraded its action to Overweight with a price target of $597, while Morgan Stanley maintained their Overweight rating with a price target of $624.
September 21, 2023 | 8:17 pm
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Unusual options activity has been observed for Humana, with a bearish stance being taken by a majority of investors. This could potentially impact the stock's price in the short term.
The bearish stance taken by a majority of investors in the unusual options activity for Humana indicates a potential downward pressure on the stock's price in the short term. This is further supported by the downgrade from Cantor Fitzgerald and the maintained Overweight rating from Morgan Stanley.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100