Check Out What Whales Are Doing With XOM
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Exxon Mobil (NYSE:XOM), with a significant move detected by Benzinga's options scanner. The scanner highlighted 32 extraordinary options activities, with a majority being bullish. The trading volumes and open interest suggest a focus on a price band between $95.0 and $150.0 for Exxon Mobil. The largest options trades observed include both bullish and bearish sentiments, with calls dominating the activities. Exxon Mobil is an integrated oil and gas company with significant production and refining capacities. Currently, the stock is up by 0.85%, with a trading volume of 8,595,257 and an RSI indicating potential overbought conditions. Analysts have set an average price target of $125.0 for Exxon Mobil.
April 02, 2024 | 4:15 pm
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POSITIVE IMPACT
Whales show bullish sentiment towards Exxon Mobil, with significant options activity suggesting a focus on a $95-$150 price band. Analysts set an average price target of $125.0.
The bullish sentiment from deep-pocketed investors, combined with the significant options activity, suggests a positive outlook for Exxon Mobil in the short term. The focus on a higher price band and the current analyst ratings support a potential increase in stock price. However, the indication of the stock potentially being overbought could introduce volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100