Check Out What Whales Are Doing With CVX
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish stance on Chevron (CVX) by large investors, with a mix of bullish and bearish trades observed. The trading window for CVX options ranged from $125.0 to $170.0. Notable trades include both puts and calls with varying sentiments and expiration dates. Chevron, a major integrated energy company, has a current stock price of $152.19 with a slight increase of 0.04%. Analyst ratings have seen some downgrades, with a consensus target price of $167.5. The company's next earnings release is anticipated in 78 days.
February 08, 2024 | 7:46 pm
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Bearish options trading activity observed for Chevron, with a current slight stock price increase. Analyst downgrades present, with a consensus target price of $167.5.
The bearish options trading activity, combined with recent analyst downgrades, suggests a potential short-term negative impact on CVX's stock price. However, the slight current increase in stock price and the upcoming earnings release add complexity to the short-term outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100