Chevron Unusual Options Activity For October 30
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Chevron (NYSE:CVX) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $125.0 to $175.0 for Chevron over the last 3 months. The price of CVX is up 0.38% at $144.91. Analysts from Morgan Stanley, RBC Capital, Truist Securities, UBS, and B of A Securities have given their ratings and price targets on Chevron.
October 30, 2023 | 2:31 pm
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Chevron has seen unusual options activity with a bearish sentiment. Analysts have given their ratings and price targets.
The unusual options activity indicates that big-money traders are taking a bearish stance on Chevron. This could potentially lead to a decrease in the stock price in the short term. Furthermore, the ratings and price targets given by analysts also play a role in influencing the stock price.
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IMPORTANCE 80
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