Market Whales and Their Recent Bets on Citigroup Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bullish stance on Citigroup (NYSE:C) with significant options trading activity. 52 trades were detected, with 50% bullish and 42% bearish. The major market movers are focusing on a price band between $30.0 and $70.0. Citigroup is currently trading at $59.73, down by 1.47%, with an RSI suggesting it may be approaching oversold. Analysts have set an average price target of $66.5.
June 21, 2024 | 8:02 pm
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Market whales have shown a bullish stance on Citigroup with significant options trading activity. The stock is currently trading at $59.73, down by 1.47%, with an RSI suggesting it may be approaching oversold. Analysts have set an average price target of $66.5.
The significant bullish options activity by market whales indicates positive sentiment towards Citigroup. Despite the current price drop, the RSI suggests the stock may be approaching oversold territory, which could attract buyers. Analysts' average price target of $66.5 further supports a potential upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100