Cisco Systems Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Cisco Systems (NASDAQ:CSCO), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $47.5 and $80.0. B of A Securities and Tigress Financial have maintained their Neutral and Buy ratings on Cisco Systems, respectively, with price targets of $60 and $76.
October 06, 2023 | 8:01 pm
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Cisco Systems has seen unusual options activity, with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $47.5 and $80.0.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on Cisco Systems' stock price in the short term. The price targets set by these investors range from $47.5 to $80.0, which is below the current stock price. This, combined with the Neutral and Buy ratings from B of A Securities and Tigress Financial, respectively, suggests a mixed outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100