RTX Unusual Options Activity For October 31
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Raytheon Technologies Corporation (RTX), with a mix of bullish and bearish stances. The trades have targeted a price range of $75.0 to $100.0 for RTX over the last 3 months. The current price of RTX is up 3.37% at $81.22. Morgan Stanley maintains an Equal-Weight rating on RTX with a price target of $86, while UBS has downgraded its action to Neutral with a price target of $80.
October 31, 2023 | 8:09 pm
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Unusual options activity has been detected for RTX, with a mix of bullish and bearish stances. The current price of RTX is up 3.37% at $81.22. Analysts have mixed opinions, with Morgan Stanley maintaining an Equal-Weight rating and UBS downgrading to Neutral.
The unusual options activity indicates that investors are divided in their outlook for RTX, with some taking bullish stances and others bearish. This could lead to increased volatility in the stock's price. The mixed analyst ratings from Morgan Stanley and UBS further add to the uncertainty around the stock's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100