Constellation Energy Unusual Options Activity For April 25
Portfolio Pulse from Benzinga Insights
Constellation Energy (NASDAQ:CEG) has seen significant options activity indicating a bearish sentiment among investors, with a notable volume of puts over calls. The options trades target a price range of $165.0 to $200.0. Currently, CEG's stock is up 1.62% at $189.18, potentially nearing overbought territory. An earnings release is expected in 14 days, and an analyst from Evercore ISI Group maintains an Outperform rating with a target price of $198.0.
April 25, 2024 | 7:01 pm
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Bearish options activity observed, with a current stock price increase and an upcoming earnings release. Evercore ISI maintains an Outperform rating with a $198 target price.
The bearish options activity suggests investor caution, but the stock's recent price increase and positive analyst rating with a near-target price indicate mixed signals. The upcoming earnings release adds uncertainty, making the short-term impact neutral as these factors could balance each other out.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100