Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Bank of America (NYSE:BAC), with a majority of investors taking a bearish stance. The targeted price range for BAC over the last 3 months has been between $25.0 and $32.0. The current price of BAC is up 0.68% at $27.5. Analysts from Oppenheimer, Morgan Stanley, and BMO Capital have maintained their ratings on BAC, with price targets of $48, $32, and $40 respectively.
October 19, 2023 | 3:18 pm
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Bank of America has seen unusual options activity, with a bearish sentiment among investors. Analysts have maintained their ratings with varying price targets.
The bearish sentiment observed in the options activity could potentially lead to a decrease in the stock price of BAC in the short term. The varied price targets set by analysts also indicate uncertainty about the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100