Decoding Lowe's Companies's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Lowe's Companies (NYSE:LOW) through options trading. Analysis reveals 26 unusual trades with a mix of bullish and bearish tendencies. The stock is currently trading at $245.13, up by 1.73%, but RSI suggests it may be approaching overbought territory. The average price target is $225.0.
July 17, 2024 | 5:15 pm
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Options trading activity indicates a bearish sentiment towards Lowe's Companies, with a mix of bullish and bearish trades. The stock is currently trading at $245.13, up by 1.73%, but RSI suggests it may be approaching overbought territory. The average price target is $225.0.
The analysis of options trading shows a higher percentage of bearish trades compared to bullish ones. The stock's current price is above the average price target, and RSI readings suggest it may be overbought, indicating a potential short-term price decline.
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