Check Out What Whales Are Doing With CVS
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards CVS Health (NYSE:CVS), with a notable shift in options trading activity. Benzinga's tracking revealed 8 extraordinary options activities, with a bearish majority among investors. The trading focuses on a price band between $35.0 and $76.0. Significant options trades include both calls and puts with varying sentiments and expiration dates. CVS Health, a major healthcare services provider, is currently trading down by -0.89% at $76.6. Analyst ratings in the last month have set an average target price of $85.5 for CVS.
February 13, 2024 | 7:15 pm
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Whales showing bearish sentiment towards CVS Health with unusual options activity. Analysts have an average target price of $85.5, despite current bearish trends.
The bearish sentiment among deep-pocketed investors, highlighted by unusual options activity, suggests a potential short-term downside for CVS Health's stock. However, the analyst ratings with an average target price of $85.5 indicate a belief in the stock's longer-term potential. The current trading price being down by -0.89% aligns with the bearish sentiment, but the analyst outlook provides a counterbalance that might limit the impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100