Check Out What Whales Are Doing With GE Aero
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards GE Aero (NYSE:GE), with significant options activity indicating a potential price range of $160.0 to $175.0. The majority of the options trades are bearish, with 7 puts totaling $308,790 and 3 calls amounting to $179,328. The current trading volume is 2,317,494, with GE's price up by 1.8% at $163.43. An analyst from Deutsche Bank maintains a Buy rating with a target price of $209.0.
June 25, 2024 | 6:01 pm
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Deep-pocketed investors are showing a bearish sentiment towards GE Aero, with significant options activity suggesting a potential price range of $160.0 to $175.0. The current trading volume is high, and the stock price is up by 1.8% at $163.43. An analyst from Deutsche Bank maintains a Buy rating with a target price of $209.0.
The significant bearish options activity, with 7 puts and 3 calls, indicates that large investors are expecting a decline in GE Aero's stock price. Despite the current price increase and a Buy rating from Deutsche Bank, the overall sentiment from options traders is predominantly bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100