Smart Money Is Betting Big In PGR Options
Portfolio Pulse from Benzinga Insights
Financial giants are making bearish moves on Progressive (NYSE:PGR) through options trading. Analysis shows 90% bearish sentiment with significant put and call trades. The stock is currently down 1.72% at $249.54, with analysts providing mixed ratings and a consensus target price of $295.6.
September 05, 2024 | 8:31 pm
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Progressive (NYSE:PGR) is experiencing significant bearish sentiment in options trading, with 90% of trades showing negative outlook. The stock is currently down 1.72% at $249.54. Analysts have mixed ratings, with a consensus target price of $295.6.
The article highlights a strong bearish sentiment in options trading for Progressive, with 90% of trades being bearish. This suggests a negative short-term outlook for the stock. The current stock price is down 1.72%, and while analysts have mixed ratings, the consensus target price is higher than the current price, indicating potential for recovery. However, the immediate impact is likely negative due to the bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100