Unpacking the Latest Options Trading Trends in Accenture
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bearish sentiment among large investors towards Accenture (NYSE:ACN). Out of 8 trades, 87% were bearish, with significant put options activity. Analysts have mixed ratings, with target prices ranging from $320 to $400.
July 15, 2024 | 8:31 pm
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NEGATIVE IMPACT
Recent options trading trends indicate a bearish sentiment among large investors towards Accenture. Out of 8 trades, 87% were bearish, with significant put options activity. Analysts have mixed ratings, with target prices ranging from $320 to $400.
The high percentage of bearish trades (87%) and significant put options activity suggest that large investors are expecting a decline in Accenture's stock price. Despite mixed analyst ratings, the overall sentiment from options trading is negative, which could lead to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100