Charles Schwab Unusual Options Activity For September 22
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. The price of SCHW is down -1.54% at $55.15. JMP Securities downgraded its action to Market Outperform with a price target of $77, Barclays maintained their Equal-Weight rating with a price target of $64, and Raymond James maintained their Outperform rating with a price target of $72.
September 22, 2023 | 8:15 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Charles Schwab. The stock price is currently down.
The unusual options activity, with a bearish sentiment, indicates that large investors are expecting the stock price to decrease. This, combined with the current decrease in stock price, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100