Unpacking the Latest Options Trading Trends in Bank of America
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Bank of America (NYSE:BAC) show a significant bearish sentiment, with 68% of trades being bearish. The stock is currently trading at $39.8, with a consensus target price of $41.5. Analysts have mixed ratings, with Piper Sandler holding an Underweight rating and Keefe, Bruyette & Woods upgrading to Outperform.
June 18, 2024 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bank of America has seen a significant bearish sentiment in recent options trading, with 68% of trades being bearish. The stock is currently trading at $39.8, with a consensus target price of $41.5. Analysts have mixed ratings, with Piper Sandler holding an Underweight rating and Keefe, Bruyette & Woods upgrading to Outperform.
The significant bearish sentiment in options trading, combined with mixed analyst ratings, suggests potential downward pressure on BAC's stock price in the short term. The current trading price is close to the lower end of the predicted price range, indicating limited upside potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100