RTX Unusual Options Activity For October 02
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Raytheon Technologies Corporation (RTX), with a bearish stance being taken by a majority of investors. The price range targeted by these investors for RTX over the last 3 months is $65.0 to $73.0. The current price of RTX is down -0.88% at $71.34. Analysts from Morgan Stanley, TD Cowen, JP Morgan maintain their ratings while Barclays and Alembic Global have downgraded their ratings.
October 02, 2023 | 8:31 pm
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Unusual options activity has been detected for RTX, with a bearish stance being taken by a majority of investors. The price range targeted by these investors for RTX over the last 3 months is $65.0 to $73.0. The current price of RTX is down -0.88% at $71.34. Mixed analyst ratings have been observed.
The bearish stance taken by a majority of investors in the options market, coupled with the current downward trend in price, indicates a potential short-term negative impact on RTX's stock price. Additionally, the mixed analyst ratings could create uncertainty in the market, further contributing to potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100