Check Out What Whales Are Doing With XOM
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bullish moves on Exxon Mobil (NYSE:XOM) with 22 unusual options trades. Analysis shows 54% bullish sentiment and 18% bearish. The trades include 11 puts valued at $698,028 and 11 calls valued at $500,470. The price window targeted is $70.0 to $130.0. Current trading volume is 12,022,880 with a price of $108.5, down by -0.56%. An analyst from Truist Securities has downgraded the stock to Hold with a price target of $124.
June 17, 2024 | 8:01 pm
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Exxon Mobil has seen 22 unusual options trades with a majority showing bullish sentiment. The stock is currently trading at $108.5, down by -0.56%. An analyst from Truist Securities has downgraded the stock to Hold with a price target of $124.
The majority of the unusual options trades are bullish, indicating positive sentiment among large traders. Despite the recent price drop, the analyst's price target of $124 suggests potential upside. The downgrade to Hold may temper some of the bullish sentiment but overall, the outlook appears positive in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100