Looking At Charter Communications's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Charter Communications (NASDAQ:CHTR) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The price of CHTR is down -4.36% at $405.26. Bernstein downgraded its action to Market Perform with a price target of $463, while Morgan Stanley and Benchmark maintained their ratings with price targets of $500 and $600 respectively.
October 26, 2023 | 6:20 pm
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Unusual options activity indicates a bearish stance on Charter Communications. The stock is currently down, and analysts have mixed ratings.
The unusual options activity, which is heavily bearish, indicates that traders expect the stock price to decrease. This, combined with the stock's current downward trend and mixed analyst ratings, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100