CVS Health Unusual Options Activity For October 17
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for CVS Health (NYSE:CVS), with a majority of investors taking a bearish stance. Of the 11 strange trades detected, 63% were bearish and 36% bullish. The total amount for the 8 puts was $418,270 and for the 3 calls was $102,097. Whales have been targeting a price range from $70.0 to $90.0 for CVS Health over the last 3 months. Evercore ISI Group upgraded its action to Outperform with a price target of $83.
October 17, 2023 | 8:45 pm
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CVS Health has seen unusual options activity, with a majority of investors taking a bearish stance. Evercore ISI Group has upgraded its action to Outperform with a price target of $83.
The unusual options activity, with a majority being bearish, could potentially impact CVS Health's stock price. However, the upgrade by Evercore ISI Group to Outperform with a price target of $83 provides a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100