Unpacking the Latest Options Trading Trends in Chevron
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Chevron (NYSE:CVX) show a bearish sentiment among investors, with 66% of trades being bearish. The trading volume and open interest suggest a price target range of $140.0 to $185.0. Chevron's current market status indicates a slight decrease in stock price to $155.65, with neutral RSI indicators. Analysts from Piper Sandler and Mizuho have issued positive ratings with target prices of $180 and $200, respectively.
March 20, 2024 | 6:45 pm
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Chevron's options trading shows a bearish trend, but analysts from Piper Sandler and Mizuho maintain positive outlooks with target prices of $180 and $200.
The bearish sentiment in options trading is contrasted by positive analyst ratings and target prices, suggesting a potential short-term price increase. The discrepancy between trading sentiment and analyst outlook could lead to increased investor interest and a positive price adjustment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100