AT&T Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on AT&T (NYSE:T) by a large investor, as indicated by unusual options activity. The sentiment of these big-money traders is 100% bearish, with 11 puts and 2 calls. The whales have been targeting a price range from $14.5 to $18.0 for AT&T over the last 3 months. Scotiabank, Citigroup, Morgan Stanley, and JP Morgan have maintained positive ratings on AT&T, with price targets ranging from $17 to $19.
October 31, 2023 | 3:16 pm
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A large investor has taken a significant bearish stance on AT&T, with unusual options activity indicating a price target range of $14.5 to $18.0. Despite this, major banks have maintained positive ratings on the company.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests a potential decrease in AT&T's stock price in the short term. However, the positive ratings maintained by major banks could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100