Unpacking the Latest Options Trading Trends in ConocoPhillips
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards ConocoPhillips (NYSE:COP) through significant options trading activities. The options scanner highlighted 8 extraordinary options activities, with 62% of the sentiment being bearish. The predicted price range for COP is between $105.0 and $145.0. Analysts maintain positive ratings with an average target price of $152.4.
May 15, 2024 | 6:48 pm
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Deep-pocketed investors have shown a bearish sentiment towards ConocoPhillips (NYSE:COP) through significant options trading activities. The options scanner highlighted 8 extraordinary options activities, with 62% of the sentiment being bearish. The predicted price range for COP is between $105.0 and $145.0. Analysts maintain positive ratings with an average target price of $152.4.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options trading activities, suggests a potential short-term downward pressure on COP's stock price. However, the positive analyst ratings and target prices provide a counterbalance, indicating a complex market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100