Looking At Exxon Mobil's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Exxon Mobil (NYSE:XOM) has seen significant unusual options activity, with a bullish sentiment from financial giants. Analysis revealed 25 unusual trades, with 60% bullish and 28% bearish. Major trades focus on a price target range of $70.0 to $160.0. The largest options trades include calls with sentiments ranging from neutral to bullish. Exxon Mobil's current stock price is up 1.36% at $119.56, with analysts giving an average target price of $136.4. The company is a major player in the oil and gas sector, with substantial production and refining capacities.
April 29, 2024 | 5:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Exxon Mobil has experienced unusual options activity indicating a bullish sentiment among traders, with a significant focus on calls. The stock price is currently up, and analysts have set an average target price of $136.4, reflecting optimism about the company's future performance.
The bullish options activity, combined with the current uptrend in stock price and positive analyst ratings, suggests a short-term positive impact on Exxon Mobil's stock. The focus on calls in the options market, especially with high trade prices and bullish sentiments, aligns with the analysts' optimistic target prices, indicating a potential upward movement in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100