Boeing Unusual Options Activity For April 29
Portfolio Pulse from Benzinga Insights
Financial analysts observed unusual options activity for Boeing (NYSE:BA), noting a mix of bullish and bearish sentiments among traders. The analysis highlighted 21 trades, with a focus on a price band between $145.0 and $300.0 for Boeing's stock. Significant trades included both calls and puts with varying sentiments and expiration dates. Boeing's current market position shows a 3.27% increase in stock price to $172.68, with an upcoming earnings report in 86 days. Industry analysts have set an average target price of $211.0 for Boeing, with ratings ranging from Buy to Equal-Weight.
April 29, 2024 | 3:31 pm
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Boeing observed unusual options activity with a bullish and bearish mix, stock price up 3.27% to $172.68, and analysts setting an average target price of $211.0.
The unusual options activity, combined with a recent price increase and positive analyst ratings, suggests a potentially bullish short-term outlook for Boeing. The mix of bullish and bearish trades indicates high interest and speculation in BA's future price movement, while the overall analyst consensus points towards a higher target price, supporting the likelihood of continued upward momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100