Citigroup Unusual Options Activity For November 03
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Citigroup (NYSE:C), with a notably bearish stance. Of the 12 strange trades detected, 16% were opened with bullish expectations and 83% with bearish. Whales have been targeting a price range from $22.5 to $47.5 for Citigroup over the last 3 months. The price of Citigroup is currently up 3.68% at $42.32. Analysts from Oppenheimer, BMO Capital, and Piper Sandler have maintained their ratings on Citigroup, with price targets of $82, $66, and $45 respectively.
November 03, 2023 | 2:15 pm
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Unusual options activity detected for Citigroup, with a bearish stance. Analysts maintain their ratings with varying price targets.
The bearish stance from the unusual options activity could potentially drive the stock price down in the short term. However, the maintained ratings from analysts with varying price targets indicate a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100