Smart Money Is Betting Big In RTX Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on RTX (NYSE:RTX) through options trading. Analysis revealed 12 unusual trades, with 50% showing bearish tendencies. The price target for RTX ranges from $55.0 to $110.0. Current market status shows RTX trading at $104.49, down by -0.22%. Analysts have issued neutral ratings with a consensus target price of $108.8.
May 16, 2024 | 7:02 pm
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Financial giants have made significant bearish moves on RTX through options trading, with 50% of trades showing bearish tendencies. The price target ranges from $55.0 to $110.0. Current market status shows RTX trading at $104.49, down by -0.22%. Analysts have issued neutral ratings with a consensus target price of $108.8.
The significant bearish options trades indicate a negative sentiment among large investors. The current market status and neutral analyst ratings further support a potential short-term decline in RTX's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100