Cisco Systems Unusual Options Activity For October 17
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 33% bullish and 66% bearish. The whales have been targeting a price range from $50.0 to $55.0 for Cisco Systems over the last 3 months. Tigress Financial maintains their Buy rating on Cisco Systems, with a price target of $76.
October 17, 2023 | 8:01 pm
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Unusual options activity indicates a significant bearish stance on Cisco Systems. The sentiment among big-money traders is 66% bearish, potentially impacting the stock's short-term performance.
The unusual options activity and the bearish sentiment among big-money traders could potentially lead to a decrease in Cisco Systems' stock price in the short term. However, Tigress Financial maintains their Buy rating on the company, indicating a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100