Behind the Scenes of Humana's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Humana (NYSE:HUM), with a significant move in options trading detected by Benzinga. The analysis of options activity reveals a divided sentiment, with a notable lean towards bearish positions. The trading volume and open interest suggest a targeted price range for HUM between $295.0 and $500.0. Recent professional analyst ratings offer mixed views, with an average target price of $357.6. The current trading price of HUM is $303.54, with the stock showing a neutral RSI value.
April 29, 2024 | 5:45 pm
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Bearish options trading activity detected for Humana, with a price target range between $295.0 and $500.0. Mixed analyst ratings with an average target price of $357.6. Current stock price is $303.54.
The bearish sentiment among investors, highlighted by the options trading activity, suggests a potential downside for HUM in the short term. The mixed analyst ratings, while providing a higher average target price, may not immediately counteract the bearish market sentiment. The current price being below the average target price indicates potential growth, but the bearish options activity and the current neutral RSI value suggest short-term challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100