Altria Group Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Altria Group (NYSE:MO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these investors for Altria Group over the last 3 months is $25.0 to $42.5. Citigroup, Jefferies, and UBS have maintained their Neutral, Buy, and Sell ratings on Altria Group respectively.
October 27, 2023 | 4:32 pm
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NEGATIVE IMPACT
Altria Group has seen unusual options activity with a significant bearish stance taken by a large investor. Analysts from Citigroup, Jefferies, and UBS have maintained their respective ratings on the company.
The unusual options activity indicates that a large investor is expecting a decrease in Altria Group's stock price. This, combined with the mixed analyst ratings, could potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100