Devon Energy Unusual Options Activity For September 22
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Devon Energy (NYSE:DVN), with a majority of investors taking a bullish stance. The trades include 11 puts and 3 calls, with a total amount of $1,337,684 and $94,705 respectively. Whales have been targeting a price range from $40.0 to $70.0 for Devon Energy over the last 3 months. The current price of DVN is $46.39, down by 0.05%. Analysts from Stifel, Citigroup, Wells Fargo, and Mizuho have maintained their Buy and Equal-Weight ratings on Devon Energy.
September 22, 2023 | 4:30 pm
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Devon Energy has seen unusual options activity, with a majority of investors taking a bullish stance. The current price of DVN is $46.39, down by 0.05%. Analysts from various firms have maintained their positive ratings on the company.
The unusual options activity, majority of which is bullish, indicates that investors are expecting the price of DVN to rise. This, coupled with the positive ratings from analysts, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100