Big Players' Recent Trades in TGT Options
Portfolio Pulse from Benzinga Insights
Big-money investors have shown a bearish stance on Target (NYSE:TGT), with options trades indicating a sentiment split of 27% bullish and 72% bearish. Benzinga's options scanner revealed 11 unusual options trades, with a price range target from $90 to $130 over the last 3 months. The largest trades included a bullish call with a strike price of $105 expiring on 11/24/23 and a bearish call with a strike price of $100 expiring on 01/19/24. Target is the sixth-largest U.S. retailer, operating over 1,900 stores with over $100 billion in sales. The stock price is currently up 0.34% at $130.38, with potential overbought signals from RSI indicators. Analysts have mixed ratings on TGT, with an average target price of $149 and varying recommendations from Buy to Market Perform.
November 17, 2023 | 4:15 pm
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Target has seen significant options activity indicating a bearish sentiment among large investors, with a current stock price of $130.38 and mixed analyst ratings.
The bearish options activity by large investors could indicate insider knowledge or expectations of a downturn, which may influence other investors and impact the stock price negatively in the short term. The mixed analyst ratings and the current uptick in stock price provide a conflicting outlook, but the weight of the bearish sentiment in the options market may prevail.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100