Looking At Charles Schwab's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Charles Schwab (NYSE:SCHW), with 100% of recent unusual trades being bearish. The trades include 3 puts and 7 calls, with a total value of $691,335. The targeted price range for Charles Schwab over the last 3 months is $45.0 to $60.0. The current price of SCHW is up 4.42% at $51.55. Analysts from JP Morgan, Barclays, Morgan Stanley, and JMP Securities have maintained their ratings on Charles Schwab, with price targets ranging from $55 to $85.
October 26, 2023 | 3:17 pm
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NEGATIVE IMPACT
Charles Schwab has seen a bearish stance from a significant investor, with all recent unusual trades being bearish. Analysts have maintained their ratings, with price targets ranging from $55 to $85.
The bearish stance from a significant investor, indicated by 100% of recent unusual trades being bearish, could potentially drive the stock price down in the short term. However, the maintained ratings and price targets from analysts suggest a longer-term confidence in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100