Northrop Grumman Unusual Options Activity For October 13
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Northrop Grumman (NYSE:NOC), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $230.0 to $495.0 for Northrop Grumman over the last 3 months. Wells Fargo maintains an Equal-Weight rating on Northrop Grumman with a price target of $435, while Deutsche Bank and UBS have downgraded their actions to Buy with price targets of $502 and $555 respectively.
October 13, 2023 | 4:01 pm
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Unusual options activity indicates a bullish stance on Northrop Grumman. Analysts have mixed views with Wells Fargo maintaining an Equal-Weight rating and Deutsche Bank and UBS downgrading to Buy.
The unusual options activity, with a large position indicating a bullish stance, suggests that there may be significant movement in the stock price of Northrop Grumman. This is further supported by the mixed views of analysts, with some maintaining their ratings while others are downgrading to Buy, indicating a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100