Chevron Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Chevron (NYSE:CVX), with a majority of investors taking a bullish stance. The trades range from $125.0 to $200.0 strike price. The price of CVX is currently down -3.27% at $161.1. UBS, Mizuho, and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Chevron, with price targets of $210, $215, and $203 respectively.
October 11, 2023 | 8:48 pm
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Chevron has seen unusual options activity, with a majority of investors bullish. The stock price is currently down -3.27% at $161.1. Analysts from UBS, Mizuho, and Morgan Stanley have maintained positive ratings.
The unusual options activity indicates a high level of interest in the stock, which could lead to increased volatility. The majority of investors are bullish, which could potentially drive the price up. The positive ratings from analysts further support this potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100