Looking At SLB's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Schlumberger Limited (NYSE:SLB), with a mix of bullish and bearish expectations. Whales have been targeting a price range from $48.0 to $67.5 for SLB over the last 3 months. The price of SLB is currently up 1.33% at $60.24. Analysts from Raymond James and Citigroup maintain their 'Buy' rating on SLB with price targets of $68 and $70 respectively, while Societe Generale downgraded its action to 'Buy' with a price target of $81.
October 17, 2023 | 8:45 pm
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Schlumberger Limited (NYSE:SLB) has seen significant unusual options activity, indicating investor uncertainty. Analyst ratings vary, but lean towards 'Buy'.
The unusual options activity indicates a high level of investor interest and potential volatility for SLB. The mixed bullish and bearish expectations suggest uncertainty about the stock's direction. However, the 'Buy' ratings from analysts suggest a positive outlook, which could potentially drive the stock price up.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100