Market Whales and Their Recent Bets on LOW Options
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Lowe's Companies (NYSE:LOW) through recent options trades, as tracked by Benzinga. A total of 8 options trades were identified, with a sentiment of 100% bearish, focusing on a price band between $240.0 and $280.0. The trading activity includes one put and seven calls, with significant trade prices and varying open interest. Lowe's is a major home improvement retailer, and its stock price is slightly up by 0.02% at $261.05. Analysts have mixed opinions, with an average target price of $250.2, and ratings ranging from Buy to Hold.
March 22, 2024 | 5:45 pm
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Bearish options trading activity on Lowe's Companies indicates potential downward pressure on the stock. Analysts have mixed views, with an average target price suggesting a slight undervaluation.
The bearish sentiment from high-rolling investors, as evidenced by the options trading activity, suggests they anticipate a decrease in LOW's stock price. This sentiment, combined with the current stock price being above the average analyst target price, could lead to short-term downward pressure on the stock. However, the mixed analyst ratings indicate uncertainty, which is why the confidence level is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100