Looking At Elevance Health's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Elevance Health (NYSE:ELV) has seen unusual options activity, with a majority of investors adopting a bearish stance. This suggests potential significant movements in ELV's stock price. The options activity indicates a targeted price range of $530 to $600. Analysts have mixed views, with some lowering their ratings but maintaining high price targets.
August 20, 2024 | 7:16 pm
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Elevance Health is experiencing significant options activity, with 62% of investors taking a bearish stance. This could indicate potential downward pressure on the stock. Analysts have mixed ratings but maintain high price targets.
The unusual options activity, with a majority of investors adopting a bearish stance, suggests potential downward pressure on ELV's stock. The targeted price range of $530 to $600 indicates expectations of significant price movements. Analysts' mixed ratings, despite high price targets, add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100