Looking At Citigroup's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity indicates a bearish stance on Citigroup (NYSE:C) with 64% of investors opening trades with bearish expectations. Whales have been targeting a price range from $30.0 to $60.0 for Citigroup over the last 3 months. The price of Citigroup is down -1.18% at $39.21. Analysts from Goldman Sachs, Morgan Stanley, BMO Capital, and Oppenheimer have maintained their ratings on Citigroup with price targets ranging from $41 to $82.
October 23, 2023 | 2:16 pm
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NEGATIVE IMPACT
Bearish options activity and a recent price drop may negatively impact Citigroup's stock in the short term. However, maintained ratings from analysts suggest a potential recovery.
The bearish stance from investors in the options market, coupled with a recent price drop, suggests a potential short-term negative impact on Citigroup's stock. However, the maintained ratings from analysts at Goldman Sachs, Morgan Stanley, BMO Capital, and Oppenheimer, with price targets ranging from $41 to $82, indicate a potential recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100