Abercrombie & Fitch Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Abercrombie & Fitch (NYSE:ANF) has seen unusual options activity indicating a bullish sentiment among deep-pocketed investors, with a significant portion aiming for a price range of $110.0 to $185.0. The activity includes both calls and puts, with a higher volume in calls. Current trading volume is 1,336,792, with a 1.21% price increase to $136.68. Analysts have mixed ratings, with an average price target of $132.4. The company is a specialty retailer with a global presence.
March 21, 2024 | 8:16 pm
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Unusual bullish options activity in ANF with a target price range of $110.0 to $185.0. Current stock price is $136.68, with analysts having a mixed outlook and an average price target of $132.4.
The unusual options activity, particularly the bullish sentiment and the high volume of calls, suggests a positive short-term outlook for ANF. The current price increase and the analysts' mixed ratings with an average target close to the current price further support this view. However, the wide target range from options activity indicates some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100