Citigroup Unusual Options Activity For October 31
Portfolio Pulse from Benzinga Insights
Citigroup (NYSE:C) has seen unusual options activity, with a significant bearish stance taken by investors. Of the 18 strange trades detected, 61% were bearish and 38% bullish. The total trade price for the 4 puts was $338,518 and for the 14 calls was $1,093,241. The price target range for Citigroup over the last 3 months has been $25.0 to $50.0. Analysts from various firms have maintained their ratings on Citigroup, with price targets ranging from $41 to $82.
October 31, 2023 | 4:31 pm
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Citigroup has seen unusual options activity, with a significant bearish stance. The price target range for the last 3 months has been $25.0 to $50.0. Analysts have maintained their ratings, with price targets ranging from $41 to $82.
The bearish stance in the unusual options activity indicates a negative sentiment towards Citigroup. This, combined with the wide range of price targets from analysts, suggests uncertainty and potential downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100