Unpacking the Latest Options Trading Trends in Philip Morris Intl
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish trend in Philip Morris Intl (NYSE:PM) options trading, with 18 significant options activities noted. The sentiment is mixed, with 55% bullish and 27% bearish. The stock is currently trading at $125.71, up 1.96%, and is considered overbought. Barclays maintains an Overweight rating with a $130 target.
September 03, 2024 | 8:45 pm
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POSITIVE IMPACT
Philip Morris Intl sees increased options trading activity, with a majority of trades being bullish. The stock price has risen by 1.96% to $125.71, and Barclays maintains an Overweight rating with a $130 target. The stock is currently considered overbought.
The significant bullish options activity suggests investor confidence in PM's short-term performance. The stock's recent price increase and Barclays' positive rating further support a positive outlook. However, the overbought RSI indicates potential caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100