Allstate Unusual Options Activity For October 27
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in Allstate's (NYSE:ALL) options activity, with 83% of investors opening trades with bearish expectations. The targeted price range for Allstate over the last 3 months is from $80.0 to $130.0. The price of ALL is currently down -1.99% at $123.12. Citigroup has maintained their Buy rating on Allstate, with a price target of $156.
October 27, 2023 | 7:02 pm
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Allstate has seen a significant bearish stance in its options activity. Despite this, Citigroup has maintained a Buy rating on the company, with a price target of $156.
The bearish stance in Allstate's options activity indicates a negative sentiment among investors, which could potentially drive the stock price down in the short term. However, Citigroup's maintained Buy rating and higher price target suggest a positive long-term outlook.
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IMPORTANCE 80
RELEVANCE 100