Behind the Scenes of Citigroup's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Analysis of Citigroup's (NYSE:C) options trading reveals a bearish sentiment among financial giants, with 56% showing bearish tendencies and a focus on a price band between $30.0 and $85.0. The trading volume and open interest indicate liquidity and investor interest in this range. Citigroup's current stock price is $61.05, down by -0.46%, with an RSI indicating it may be overbought. Analyst ratings suggest a consensus target price of $74.67, with Goldman Sachs and Oppenheimer showing optimism.
March 22, 2024 | 3:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Citigroup's options trading shows a bearish sentiment, but analyst ratings are optimistic with a target price of $74.67.
The bearish sentiment in options trading could indicate short-term downward pressure on Citigroup's stock. However, the optimistic analyst ratings, with a higher consensus target price, suggest a positive outlook in the medium to long term. The current stock price movement and RSI indicator suggest the stock may be overbought, adding complexity to the short-term performance prediction.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100