Devon Energy Unusual Options Activity For October 02
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 bearish stance. The trades range from $40.0 to $55.0 for Devon Energy over the last 3 months. The current price of DVN is down -1.99% at $46.75. Citigroup and Mizuho have maintained their Buy rating on Devon Energy, with price targets of $55 and $62 respectively.
October 02, 2023 | 2:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Devon Energy has seen significant unusual options activity, with majority of investors bearish. The stock price is currently down, but Citigroup and Mizuho maintain their Buy rating with higher price targets.
The bearish stance of majority investors in the options market could put downward pressure on the stock price in the short term. However, the Buy ratings from Citigroup and Mizuho with higher price targets suggest potential upside in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100