Unpacking the Latest Options Trading Trends in Albemarle
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Albemarle (NYSE:ALB), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant puts and calls indicating a price range of $90.0 to $120.0. The stock is currently down 3.33% at $93.19, and analysts have mixed ratings with a consensus target price of $109.5.
June 25, 2024 | 6:01 pm
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Albemarle (NYSE:ALB) has seen significant bearish options activity, with 66% of the trades being puts. The stock is currently down 3.33% at $93.19. Analysts have mixed ratings with a consensus target price of $109.5.
The significant bearish options activity, with 66% of trades being puts, suggests that investors are expecting a decline in Albemarle's stock price. The current price drop of 3.33% and mixed analyst ratings further support this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100