Looking At Petrobras Brasileiro's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Petrobras Brasileiro (NYSE:PBR), with a bearish stance being taken by a majority of investors. The targeted price range for the company over the last three months has been between $12.0 and $20.0. The company's stock price is currently down by 0.06% at $15.78. Jefferies has downgraded its action to Buy with a price target of $21.
October 17, 2023 | 8:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Petrobras Brasileiro has seen unusual options activity, with a bearish stance being taken by a majority of investors. Jefferies has downgraded its action to Buy with a price target of $21.
The bearish stance taken by a majority of investors in the options market indicates a negative sentiment towards Petrobras Brasileiro. This, coupled with the downgrade by Jefferies, could potentially lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100