Behind the Scenes of Truist Finl's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent analysis of Truist Finl (NYSE:TFC) options trading shows a bearish trend among financial giants, with 54% displaying bearish tendencies and 45% bullish. The analysis highlighted 11 unusual trades, including 9 puts and 2 calls, with a focus on a price range of $35.0 to $40.0 for TFC over the last 3 months. The largest trades included both bullish and bearish sentiments, with significant open interest and volume in options within the $35.0 to $40.0 strike price range. Truist Finl, a regional bank resulting from the merger of BB&T and SunTrust, has seen its stock price increase by 0.72% to $37.87, with an RSI indicating it may be approaching overbought territory. An earnings announcement is expected in 27 days, and an analyst from Stephens & Co. has set a price target of $43.0, upgrading the stock to Overweight.

March 26, 2024 | 4:30 pm
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Truist Finl's bearish options trend and upcoming earnings announcement could influence its stock price. The stock has recently increased to $37.87, with an analyst upgrade to Overweight and a target price of $43.
The bearish trend in options trading suggests caution among investors, but the stock's recent price increase and the analyst's upgrade to Overweight with a target price of $43 indicate potential for short-term growth. The upcoming earnings announcement adds to the relevance, as it could significantly impact the stock's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100