Unpacking the Latest Options Trading Trends in Target
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish trend in options trading for Target (NYSE:TGT), with 45% of trades being bearish. Significant trades include 5 puts valued at $162,123 and 6 calls valued at $482,318. Analysts have mixed ratings with a consensus target price of $155.0. Target's stock is currently trading at $133.36, down by 0.38%, and may be approaching oversold territory.
August 06, 2024 | 3:46 pm
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Options trading for Target (NYSE:TGT) shows a bearish trend with 45% of trades being bearish. Significant trades include 5 puts valued at $162,123 and 6 calls valued at $482,318. Analysts have mixed ratings with a consensus target price of $155.0. Target's stock is currently trading at $133.36, down by 0.38%, and may be approaching oversold territory.
The bearish trend in options trading, combined with mixed analyst ratings and a current stock price decline, suggests a negative short-term impact on Target's stock price. The RSI readings indicating potential oversold conditions add to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100