Exxon Mobil's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Exxon Mobil (NYSE:XOM) has seen a surge in unusual options trading activity, with significant trades indicating mixed sentiment among big-money investors. The options trades include both bullish and bearish positions, targeting a price range of $95 to $120. Analysts have issued mixed ratings, with a consensus target price of $139.
July 05, 2024 | 3:02 pm
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Exxon Mobil has experienced a surge in unusual options trading activity, with significant trades indicating mixed sentiment among big-money investors. The options trades include both bullish and bearish positions, targeting a price range of $95 to $120. Analysts have issued mixed ratings, with a consensus target price of $139.
The unusual options activity indicates that significant investors are taking mixed positions on Exxon Mobil, suggesting uncertainty about its short-term price movements. The mixed analyst ratings further contribute to this uncertainty, leading to a neutral short-term impact.
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