Spotlight on Target: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
The article highlights a surge in options activity for Target (NYSE:TGT), with a noticeable bearish stance among major investors. Out of 20 trades, 45% were bearish and 40% bullish. The major market movers are focusing on a price range between $75.0 and $160.0. Analysts have mixed opinions, with price targets ranging from $116 to $190.
June 10, 2024 | 6:46 pm
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Target (NYSE:TGT) has seen a significant increase in options activity, with a bearish sentiment prevailing among major investors. Analysts have mixed opinions, with price targets ranging from $116 to $190.
The article indicates a bearish sentiment among major investors in Target's options market, with 45% of trades being bearish. This could lead to short-term downward pressure on the stock. However, analysts have mixed opinions, which adds some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100