Unpacking the Latest Options Trading Trends in AT&T
Portfolio Pulse from Benzinga Insights
Recent options trading trends for AT&T (NYSE:T) show a predominantly bearish sentiment among investors, with 88% of detected trades being bearish. The trading volume and open interest suggest a price target range of $12.0 to $20.0. Despite this, AT&T's stock is slightly up with a current price of $17.22. Analysts, including one from Wolfe Research, have a more optimistic view, setting an average target price of $21.0 and upgrading the stock to Outperform.
March 11, 2024 | 6:45 pm
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AT&T shows a bearish trend in options trading but slight increase in stock price to $17.22. Analysts have a more optimistic outlook with a target price of $21.
The bearish sentiment in options trading typically indicates a negative outlook on the stock, yet the actual stock price has increased slightly. This discrepancy might be due to the optimistic view from analysts, including an upgrade to Outperform by Wolfe Research with a target price of $21, suggesting potential upward movement in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100