Unpacking the Latest Options Trading Trends in Paramount Global
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Paramount Global (NASDAQ:PARA) through options trading, with a mix of bullish and bearish sentiments. The trading activity suggests a price range of $9.0 to $12.5 for PARA over the next three months. The stock is currently down by -6.48%, trading at $10.4, and is potentially oversold. Analysts have mixed ratings, with a consensus target price of $11.5.
June 13, 2024 | 5:01 pm
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Paramount Global (NASDAQ:PARA) has seen significant options trading activity, indicating a potential price range of $9.0 to $12.5 over the next three months. The stock is currently down by -6.48%, trading at $10.4, and may be oversold. Analysts have mixed ratings with a consensus target price of $11.5.
The significant options trading activity, combined with the current stock price and analyst ratings, suggests that investors are closely watching PARA. The mixed sentiments and potential price range indicate a likely short-term upward movement as the stock may be oversold.
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IMPORTANCE 80
RELEVANCE 100