Spotlight on American Intl Gr: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
American Intl Gr (NYSE:AIG) has seen a significant surge in options activity, with a bullish sentiment from high-rolling investors. Benzinga's options scanner revealed 8 notable trades, with a majority being calls. The trading volume and open interest suggest a focus on a price band between $62.5 and $80.0. Analysts have given AIG an average target price of $82.6, with various ratings from 'In-Line' to 'Overweight'. The company's stock is currently down by -1.18%, with an RSI indicating a neutral position. An earnings announcement is expected in 20 days.
April 11, 2024 | 6:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
A significant increase in options activity, predominantly bullish, has been observed for AIG. Analysts have set an average target price of $82.6, with the stock currently trading down. An earnings announcement is expected soon, which could influence stock movement.
The surge in options activity, especially with a bullish sentiment, indicates a positive outlook among investors, potentially driving the stock price up in the short term. The upcoming earnings announcement adds to the relevance, as it could further influence the stock's direction based on the company's performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100