Citigroup's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Citigroup (NYSE:C), as revealed by Benzinga's options scanner. The activity includes 19 extraordinary options, with 47% of investors bearish. The price target for Citigroup ranges from $45 to $80, with significant options activity noted. Citigroup's stock is currently neutral, with a recent price of $61.79, and an analyst from Morgan Stanley maintains an Overweight rating with a target price of $79.
August 26, 2024 | 8:30 pm
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Citigroup is experiencing significant bearish sentiment from investors, as indicated by options activity. The stock is currently priced at $61.79, with a neutral RSI. Morgan Stanley maintains an Overweight rating with a $79 target.
The bearish sentiment from investors, as shown by the options activity, suggests a potential short-term decline in Citigroup's stock price. The current price is $61.79, and the RSI indicates a neutral position. Despite this, Morgan Stanley's Overweight rating with a $79 target provides a longer-term positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100