Public Storage Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in the options activity for Public Storage (NYSE:PSA). Out of the 21 unusual trades detected, 57% were bearish and 42% bullish. The total amount for the 19 puts was $2,608,615 and for the 2 calls was $96,267. Whales have been targeting a price range from $240.0 to $260.0 for Public Storage over the last 3 months. Goldman Sachs and Wells Fargo have downgraded their actions on PSA with price targets of $310 and $270 respectively.
October 25, 2023 | 3:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Public Storage has seen significant bearish options activity. The company has also been downgraded by Goldman Sachs and Wells Fargo, which could negatively impact the stock price.
The bearish options activity indicates that investors are expecting the price of Public Storage to decrease. Additionally, the downgrades from Goldman Sachs and Wells Fargo could lead to a decrease in investor confidence, which could further drive down the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100