Looking At Blackstone's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Blackstone (NYSE:BX) indicates a bearish sentiment among deep-pocketed investors, with 70% of the activity being bearish. The activity focuses on a price band between $80.0 and $140.0. Blackstone, the world's largest alternative-asset manager, has seen a slight increase in its stock price, with an earnings announcement expected in 21 days. An analyst from B of A Securities maintains a Buy rating with a price target of $147.
March 28, 2024 | 5:16 pm
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Blackstone's recent unusual options activity shows a bearish sentiment among investors, with a focus on a price band between $80.0 and $140.0. Despite this, the stock maintains a Buy rating from B of A Securities with a target of $147.
The bearish sentiment indicated by the unusual options activity suggests a potential short-term downside for BX. However, the maintained Buy rating and target price by B of A Securities could provide some counterbalance. The net impact is likely negative in the short term due to the significant bearish options activity.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100