Diamondback Energy Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Diamondback Energy (NASDAQ:FANG), with a large bearish position being taken. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The price of FANG is up 2.96% at $167.16. Analysts from Morgan Stanley, UBS, Mizuho, and Raymond James maintain a Buy rating on FANG, while Benchmark downgraded its action to Buy.
October 13, 2023 | 6:17 pm
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NEUTRAL IMPACT
Diamondback Energy has seen unusual options activity, with a large bearish position being taken. The stock price is up 2.96% at $167.16. Analysts maintain a Buy rating on the stock.
The unusual options activity indicates that there is a significant amount of money being placed on the future price movement of Diamondback Energy. This could potentially impact the stock price in the short term. However, the sentiment is split between bullish and bearish, making it difficult to predict the direction of the price movement. The stock price is currently up, and analysts maintain a Buy rating, indicating a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100