A Closer Look at Southern's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Southern (NYSE:SO) through significant options trading activity. Benzinga's options scanner identified 10 trades, with 50% being bearish. The predicted price range for Southern is between $40.0 and $77.5 over the next three months. Analysts have mixed ratings on the stock, with target prices ranging from $74 to $90.
June 07, 2024 | 8:01 pm
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High-rolling investors have shown a bearish sentiment on Southern (NYSE:SO) through significant options trading activity. Benzinga's options scanner identified 10 trades, with 50% being bearish. The predicted price range for Southern is between $40.0 and $77.5 over the next three months.
The significant bearish sentiment from high-rolling investors, as indicated by the options trading activity, suggests a potential downward pressure on Southern's stock price in the short term. The predicted price range and mixed analyst ratings further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100