Global Payments Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Global Payments (NYSE:GPN), with a majority of investors taking a bullish stance. The targeted price range for Global Payments over the last 3 months is from $90.0 to $110.0. The current price of GPN is up 2.33% at $106.22. Several financial institutions have downgraded their ratings on Global Payments, with price targets ranging from $130 to $154.
October 31, 2023 | 8:31 pm
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Global Payments (NYSE:GPN) has seen unusual options activity, with majority investors bullish. The stock's price is up 2.33% at $106.22. However, several financial institutions have downgraded their ratings on the company.
The bullish stance of majority investors in the options market indicates a positive sentiment towards Global Payments, which could drive the stock price up in the short term. However, the downgrades from several financial institutions might create some uncertainty among investors, potentially limiting the stock's upside.
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