Behind the Scenes of Devon Energy's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity around Devon Energy (NYSE: DVN) shows a predominantly bearish sentiment among large investors, with 66% of trades being bearish. The trades indicate a targeted price range of $47.5 to $60.0. Devon Energy's stock is currently down 1.77% at $46.24, with analysts providing mixed ratings and an average target price of $59.67.
June 04, 2024 | 3:31 pm
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Devon Energy's recent options trading activity shows a bearish sentiment with 66% of trades being bearish. The stock is currently down 1.77% at $46.24. Analysts have mixed ratings with an average target price of $59.67.
The majority of options trades are bearish, indicating a negative short-term outlook. The stock price is currently down, and while analysts have mixed ratings, the overall sentiment from options trading suggests a likely downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100