Smart Money Is Betting Big In PBR Options
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner identified significant options activity in Petrobras Brasileiro (NYSE:PBR), with over 8 transactions totaling $722,544. The options activity suggests a price window of $12.0 to $17.0 for PBR. The stock is currently trading at $15.55, with a neutral RSI and an earnings announcement expected in 77 days. An analyst from Jefferies downgraded the stock to Hold with a price target of $17.
May 16, 2024 | 4:19 pm
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Significant options activity in Petrobras Brasileiro (NYSE:PBR) suggests a price window of $12.0 to $17.0. The stock is currently trading at $15.55, with a neutral RSI and an earnings announcement expected in 77 days. An analyst from Jefferies downgraded the stock to Hold with a price target of $17.
The significant options activity indicates strong interest in PBR within a specific price range, suggesting potential volatility. The Jefferies downgrade to Hold with a $17 target adds a cautious outlook. The neutral RSI and upcoming earnings announcement also contribute to a balanced short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100