Spotlight on Altria Group: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Altria Group (NYSE:MO) shows a significant bearish sentiment among large investors, with 50% of trades being bearish. The stock is currently trading at $49.16, down by 3.74%. Analysts have mixed ratings with target prices ranging from $48 to $54.
August 05, 2024 | 6:01 pm
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Altria Group has seen a surge in bearish options activity, with 50% of recent trades being bearish. The stock is currently down by 3.74% at $49.16. Analysts have mixed ratings with target prices ranging from $48 to $54.
The significant bearish sentiment in options trading, combined with the recent price drop and mixed analyst ratings, suggests a likely short-term decline in Altria Group's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100