Smart Money Is Betting Big In DVN Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Devon Energy (NYSE:DVN) through significant options activity. The majority of these investors are betting on a price range between $35.0 and $57.5. Despite a recent price drop, analysts have mixed ratings with an average target price of $58.0.
September 10, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Devon Energy is experiencing significant bearish options activity, with 66% of investors leaning bearish. The stock price recently dropped by 2.51% to $40.36, and analysts have mixed ratings with an average target price of $58.0.
The significant bearish sentiment in options trading suggests a negative outlook for Devon Energy in the short term. The stock's recent price drop and mixed analyst ratings further support this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100