Blackstone Unusual Options Activity For October 18
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Blackstone (NYSE:BX), with a mix of bullish and bearish stances. Whales have been targeting a price range from $65.0 to $120.0 for Blackstone over the last 3 months. The current price of BX is down -1.97% at $103.26. HSBC has downgraded its action to Hold with a price target of $113, while Barclays maintains an Equal-Weight rating with a price target of $116.
October 18, 2023 | 7:46 pm
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Unusual options activity has been detected for Blackstone (BX), with a mix of bullish and bearish stances. The current price of BX is down -1.97% at $103.26. HSBC has downgraded its action to Hold with a price target of $113, while Barclays maintains an Equal-Weight rating with a price target of $116.
The unusual options activity indicates that there is significant interest in Blackstone's stock, which could lead to increased volatility. The mixed bullish and bearish stances suggest uncertainty about the stock's future direction. The downgrade by HSBC and the maintained rating by Barclays could influence investor sentiment and impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100