Looking At General Electric's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on General Electric (NYSE:GE), with 80% of recent unusual options trades being bearish. The trades range from $85.0 to $125.0, with a total amount of $132,365 for puts and $328,350 for calls. Deutsche Bank has downgraded its action to Buy with a price target of $141. The current price of GE is $106.95, down by 0.58%.
October 19, 2023 | 8:16 pm
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General Electric has seen a significant number of bearish options trades recently. Deutsche Bank has downgraded its action to Buy with a price target of $141, which is higher than the current price of $106.95.
The high volume of bearish options trades indicates a negative sentiment among investors, which could put downward pressure on the stock price. However, Deutsche Bank's downgrade to Buy with a higher price target suggests some positive outlook.
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IMPORTANCE 80
RELEVANCE 100