Behind the Scenes of Abercrombie & Fitch's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Abercrombie & Fitch (NYSE:ANF) has seen a bearish trend in options trading, with a significant portion of investors betting against the stock. The trading activity suggests a price target range of $105 to $160. The company, a specialty retailer, is currently trading up by 1.55% at $117.69, with an anticipated earnings release in 35 days. An analyst from Argus Research maintains a Buy rating with a target price of $130.
April 17, 2024 | 7:46 pm
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Abercrombie & Fitch has seen a bearish sentiment in options trading, with a current stock price up by 1.55% at $117.69. An analyst from Argus Research maintains a Buy rating with a target price of $130.
The bearish options trend suggests short-term investor skepticism, but the stock's current positive performance and the Buy rating from Argus Research indicate underlying strength. The mixed signals from options trading and analyst ratings, along with the upcoming earnings release, create a neutral short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100