RTX Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options trading activity for RTX (NYSE:RTX) shows a predominantly bearish sentiment among investors, with 75% of detected trades being bearish. The trading activity suggests an expected price range of $65.0 to $95.0 for RTX over the next three months. Currently, RTX's stock is slightly down by -0.8%, trading at $91.5, with analysts giving mixed reviews and setting an average price target of $93.6. The company, a merger of United Technologies and Raytheon, operates in aerospace and defense, with its next earnings release anticipated in 77 days.
February 06, 2024 | 4:46 pm
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RTX sees bearish options trading activity, with a current stock price of $91.5 and an average analyst price target of $93.6. The company is a key player in aerospace and defense, with its next earnings release in 77 days.
The bearish sentiment in options trading, combined with the current stock performance and mixed analyst ratings, suggests a potential short-term downside for RTX. The anticipation of the earnings release could further influence stock volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100