Smart Money Is Betting Big In SLB Options
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bullish sentiment on Schlumberger (NYSE:SLB) through significant options trading, as reported by Benzinga. The analysis of options data reveals a majority of trades are bullish, with a notable volume and open interest in contracts predicting SLB's price to range between $40.0 to $50.0. Currently, SLB's stock is slightly down at $48.75, with neutral RSI readings and an anticipated earnings release in 53 days. Analysts have set an average target price of $71.5 for SLB, despite recent downgrades.
February 26, 2024 | 8:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Significant bullish options trading on SLB suggests insider confidence, potentially driving short-term price increases. Analyst downgrades contrast with a high average target price, indicating mixed signals.
The bullish sentiment among high-rolling investors, as evidenced by the options trading data, suggests a positive outlook on SLB's future performance. This could lead to short-term price increases. However, recent analyst downgrades introduce uncertainty, making the situation complex. The high average target price set by analysts, despite downgrades, further complicates the potential impact on SLB's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100