Behind the Scenes of Abercrombie & Fitch's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Abercrombie & Fitch (NYSE:ANF) has seen significant options trading activity, with a bearish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 11 unusual trades, with a split sentiment of 45% bullish and 54% bearish. The trades suggest a price target range of $60.0 to $115.0 for ANF over the next three months. The company, a specialty retailer, is currently trading at $106.38, down by -0.19%, and may be overbought according to its RSI values. Analyst ratings from Telsey Advisory Group and UBS have set target prices at $105 and $98, respectively.
February 02, 2024 | 5:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Abercrombie & Fitch has seen a bearish sentiment from big-money investors through options trading, with a predicted price range of $60 to $115. The stock is currently slightly down and considered potentially overbought. Analyst ratings offer a mixed outlook.
The bearish sentiment among big-money investors, indicated by the options trading activity, suggests a potential downside risk for ANF. The current trading price close to the upper end of the predicted range and the potential overbought status based on RSI values further support a negative short-term outlook. However, the mixed analyst ratings introduce some uncertainty, hence the importance and confidence scores.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100