Decoding Lowe's Companies's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been observed for Lowe's Companies (NYSE:LOW), with a notable split in sentiment among big-money traders: 25% bullish and 75% bearish. The options trades suggest a target price range of $230.0 to $245.0. Despite this, the stock is currently down by -1.53%, trading at $240.7. Market experts have issued mixed ratings, with a consensus target price of $248.2. The next earnings report is expected in 48 days.
April 03, 2024 | 8:45 pm
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Lowe's Companies has seen significant bearish options activity, with a target price range of $230-$245. The stock is currently down by -1.53%, trading at $240.7. Analysts have issued mixed ratings, with a consensus target price of $248.2.
The bearish options activity indicates a negative sentiment among big-money traders, which could lead to short-term price pressure. However, the mixed analyst ratings and the current trading price close to the target range suggest a complex outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100