Spotlight on Citigroup: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Citigroup (NYSE:C) has seen a surge in options activity, with a notable split in sentiment among big-money traders. The majority of trades are bearish, indicating potential concerns about the stock's short-term performance. Analysts have mixed ratings, with price targets ranging from $65 to $69.
July 01, 2024 | 2:31 pm
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Citigroup has experienced a significant increase in options activity, with a majority of the trades being bearish. This could indicate potential short-term downside risk. Analysts have mixed ratings, with price targets ranging from $65 to $69.
The surge in options activity, particularly the bearish sentiment, suggests that investors are anticipating potential short-term downside for Citigroup. The mixed analyst ratings and the RSI indicator approaching overbought territory further support this outlook.
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