Looking At AT&T's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on AT&T (NYSE:T), with 63% of recent trades being bearish and 36% bullish. The majority of these trades are puts, totaling $1,591,643, with calls totaling $149,195. The targeted price range for AT&T over the last 3 months has been $10.0 to $30.0. The current price of AT&T is $15.02, down 0.27%. Citigroup has upgraded AT&T to a 'Buy' with a price target of $17.
September 26, 2023 | 8:45 pm
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Bearish stance taken on AT&T with majority of trades being puts. Citigroup upgrades AT&T to 'Buy' with a price target of $17.
The bearish stance taken by a significant investor, indicated by the majority of trades being puts, could potentially drive the stock price down in the short term. However, the upgrade by Citigroup to a 'Buy' with a price target of $17 suggests a positive outlook for the stock in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100