This Is What Whales Are Betting On Citigroup
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Citigroup (NYSE:C), with unusual options activity indicating a split sentiment of 41% bullish and 58% bearish. The activity includes 43 uncommon trades, with a notable volume in calls over puts. Despite this, the sentiment from these trades leans bearish. Citigroup's current market status shows a 1.39% price increase to $58.41, with a neutral RSI and an upcoming earnings announcement. Analysts from Goldman Sachs have issued a Buy rating with a target price of $68.
March 18, 2024 | 7:15 pm
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Whales' bearish bets and unusual options activity on Citigroup indicate mixed sentiment, despite a current market uptick and positive analyst ratings.
The bearish sentiment from whale activity contrasts with Citigroup's current market performance and analyst optimism, creating uncertainty. The significant volume in calls suggests some investors are betting on growth, while the overall bearish sentiment and the upcoming earnings announcement add to the complexity. Analyst ratings from Goldman Sachs provide a positive outlook, yet the mixed options activity could lead to short-term volatility.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100