Cisco Systems Unusual Options Activity For October 13
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Cisco Systems (NASDAQ:CSCO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $47.5 to $65.0 for Cisco Systems over the last 3 months. Tigress Financial has maintained their Buy rating on Cisco Systems, with a price target of $76.
October 13, 2023 | 8:16 pm
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Unusual options activity indicates a significant bearish stance on Cisco Systems. The sentiment among big-money traders is split, with 53% bearish. Tigress Financial maintains a Buy rating.
The unusual options activity, with a significant bearish stance, indicates that there may be a negative sentiment towards Cisco Systems. This could potentially lead to a decrease in the stock price in the short term. However, Tigress Financial's maintained Buy rating suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100