Smart Money Is Betting Big In MTB Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on M&T Bank (NYSE:MTB) through options trading. Benzinga's options scanner identified 9 unusual options trades, with 66% of the sentiment being bearish. The trades suggest a price window of $140.0 to $180.0 for MTB. Analysts have mixed ratings on the stock, with an average target price of $165.75.
July 17, 2024 | 7:31 pm
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Investors with significant capital have taken a predominantly bearish stance on M&T Bank (NYSE:MTB) through options trading. Benzinga's options scanner identified 9 unusual options trades, with 66% of the sentiment being bearish. The trades suggest a price window of $140.0 to $180.0 for MTB. Analysts have mixed ratings on the stock, with an average target price of $165.75.
The significant bearish sentiment from large investors in the options market suggests a potential decline in MTB's stock price. The mixed analyst ratings and the upcoming earnings announcement add to the uncertainty, making a short-term negative impact likely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100