Behind the Scenes of Humana's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Humana (NYSE:HUM), with 80% of notable options activity being bearish. The options scanner revealed 10 extraordinary activities, with a focus on a price band between $300.0 and $440.0. Despite this, Humana remains a major player in the health insurance sector, focusing on government-sponsored programs. The current market status shows HUM's price down by -4.7%, with an average analyst price target of $525.4. Analyst ratings vary, with price targets ranging from $400 to $630.
February 05, 2024 | 5:00 pm
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Humana's bearish options trend and analyst downgrades suggest potential short-term price pressure, despite a strong position in health insurance.
The bearish sentiment among options traders, combined with recent analyst downgrades, indicates potential short-term downside for HUM. However, its solid footing in the health insurance market, particularly in government-sponsored programs, may provide some resilience. The wide range of analyst price targets reflects uncertainty, but also suggests underlying value that could support the stock in the longer term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100