Looking At Phillips 66's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Phillips 66 (NYSE:PSX) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $105.0 to $140.0 for Phillips 66 over the last 3 months. The price of PSX is up 2.34% at $116.58. Mizuho, Piper Sandler, and Raymond James have maintained their ratings on Phillips 66 with price targets of $116, $134, and $128/$133 respectively.
October 18, 2023 | 6:31 pm
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Unusual options activity indicates a bullish stance on Phillips 66. The price of PSX is up 2.34% at $116.58. Analysts have maintained their ratings with price targets ranging from $116 to $134.
The unusual options activity indicates that big-money traders are bullish on Phillips 66, which could drive the stock price up in the short term. The maintained ratings and price targets by analysts further support this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100