Market Whales and Their Recent Bets on PGR Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bullish stance on Progressive (PGR), with 75% of recent options trades being bullish. The trades indicate a target price range of $180.0 to $190.0 for PGR. The company, a major auto insurer in the U.S., has seen its stock price increase by 2.94% to $187.43. Analysts have given PGR an average target price of $195.5, with ratings ranging from Buy to Market Perform. Options trading, while riskier, offers high profit potential for educated investors.
February 14, 2024 | 3:16 pm
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Market whales' bullish options trades and analysts' positive ratings suggest a strong short-term outlook for Progressive, with a target price range of $180-$190 and an average analyst target price of $195.5.
The bullish stance by market whales, indicated by the majority of options trades being bullish and targeting a price range of $180-$190, aligns with the positive outlook from analysts who have set an average target price of $195.5. This consensus among traders and analysts suggests a strong short-term potential for price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100