Smart Money Is Betting Big In CSCO Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Cisco Systems (NASDAQ:CSCO) options, with a balanced mix of bullish and bearish sentiments. Benzinga's tracking revealed 8 extraordinary options activities, with a price target range from $47.5 to $60.0 over the next three months. The largest trades include both calls and puts, with notable volumes and open interests. Cisco Systems, a leading networking equipment and software provider, is currently trading at $49.09, with neutral RSI indicators and an earnings announcement expected in 41 days. An analyst from Piper Sandler has downgraded the stock to Neutral with a price target of $51.
April 04, 2024 | 5:16 pm
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NEUTRAL IMPACT
Cisco Systems sees significant options activity with a balanced bullish and bearish sentiment. Trading at $49.09, with a neutral RSI and a downgrade from Piper Sandler to Neutral, target price $51.
The balanced mix of bullish and bearish options activity, combined with the current trading price and neutral RSI indicators, suggests a short-term neutral impact on CSCO's stock price. The downgrade by Piper Sandler to a Neutral rating with a target price of $51 aligns with the current market sentiment and trading range, further supporting a neutral short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100