Check Out What Whales Are Doing With Citigroup
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Citigroup (NYSE:C), with 54% of recent trades being bearish and 45% bullish. The total amount for put options is $662,733 and for call options is $469,237. Whales have been targeting a price range from $32.5 to $55.0 for Citigroup over the last 3 months. The current price of Citigroup is down 1.33% at $38.41. Analysts from Morgan Stanley, Piper Sandler, Goldman Sachs, BMO Capital, and Oppenheimer have maintained their ratings on Citigroup.
October 25, 2023 | 2:46 pm
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Bearish stance taken on Citigroup with majority of recent trades being bearish. Analysts maintain their ratings. Current price is down.
The bearish stance taken by a significant investor, along with the majority of recent trades being bearish, indicates a potential downward trend for Citigroup. Despite this, analysts have maintained their ratings, suggesting they believe in the company's long-term potential. However, the current price drop may impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100