General Electric Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for General Electric (NYSE:GE), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $100.0 to $145.0 for GE over the last 3 months. Deutsche Bank has downgraded its action to Buy with a price target of $141. The current price of GE is $106.24, down by 0.66%.
October 20, 2023 | 8:00 pm
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General Electric has seen unusual options activity, with a majority of investors bullish. The price target range is $100-$145. Deutsche Bank downgraded its action to Buy with a price target of $141.
The unusual options activity, with a majority of investors taking a bullish stance, indicates a positive sentiment towards GE. The price target range set by whales also suggests an upward potential. However, Deutsche Bank's downgrade to Buy could have a mixed impact, as it suggests a positive outlook but also indicates that the stock may have been overvalued previously.
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