Constellation Energy's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Constellation Energy (NASDAQ:CEG) has seen significant options activity, with 75% of trades being bearish. The stock is currently trading at $196.21, up 2.88%, but RSI indicators suggest it may be overbought. Analysts have mixed ratings, with a consensus target price of $210.5.
August 21, 2024 | 6:01 pm
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Constellation Energy has experienced a bearish sentiment in options trading, with 75% of trades being bearish. The stock is currently up 2.88% at $196.21, but RSI indicators suggest it may be overbought. Analysts have mixed ratings, with a consensus target price of $210.5.
The majority of options trades are bearish, indicating a negative sentiment among large investors. Despite the recent price increase, the RSI suggests the stock may be overbought, which could lead to a price correction. Analysts' mixed ratings and a target price close to the current price add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100