Unpacking the Latest Options Trading Trends in Comerica
Portfolio Pulse from Benzinga Insights
Investors have taken a predominantly bearish position in Comerica (NYSE:CMA) based on recent options trading data. The majority of the options transactions identified were puts, indicating a negative sentiment. Analysts have mixed ratings on the stock, with price targets ranging from $54 to $68.
July 19, 2024 | 1:46 pm
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NEGATIVE IMPACT
Investors have taken a predominantly bearish position in Comerica (NYSE:CMA) based on recent options trading data. The majority of the options transactions identified were puts, indicating a negative sentiment. Analysts have mixed ratings on the stock, with price targets ranging from $54 to $68.
The significant volume of bearish options trades, particularly puts, suggests that investors are expecting a decline in Comerica's stock price. This sentiment is further supported by the mixed analyst ratings and the current stock price being down 12.43%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100