Looking At Boeing's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Boeing (NYSE:BA) has been observed in recent unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $130.0 to $230.0 for Boeing over the last 3 months. UBS downgraded its action to Buy with a price target of $275, Wells Fargo maintained their Overweight rating with a price target of $230, and Deutsche Bank downgraded its action to Hold with a price target of $204.
October 23, 2023 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Boeing has seen unusual options activity with a bearish sentiment. Analysts have mixed ratings with UBS and Wells Fargo being bullish and Deutsche Bank being bearish.
The bearish sentiment in the options activity indicates that traders expect the price of Boeing to decrease. This, combined with the mixed analyst ratings, could lead to increased volatility and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100