Behind the Scenes of Dollar Gen's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Dollar Gen (NYSE:DG), with 81% of big-money traders showing bearish sentiment. Benzinga's options scanner spotted 11 uncommon options trades for Dollar Gen, with 8 being puts and 3 being calls. The major market movers are focusing on a price band between $80.0 and $160.0 for Dollar Gen. Five industry analysts have shared their insights on this stock, proposing an average target price of $123.6.
November 09, 2023 | 7:31 pm
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Bearish sentiment among big-money traders could put downward pressure on Dollar Gen's stock price in the short term. However, the average target price proposed by industry analysts is $123.6, suggesting potential upside.
The bearish sentiment among big-money traders, as evidenced by the uncommon options trades, suggests that these investors expect Dollar Gen's stock price to decrease. However, the average target price proposed by industry analysts is higher than the current price, suggesting potential upside. The impact of these opposing views on the stock's price will depend on which view prevails in the broader market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100