Chubb's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment on Chubb (NYSE:CB) through options trading, with 50% of trades being bearish. The stock is currently down by 0.4% and may be overbought. An analyst from Barclays has downgraded the stock to Overweight with a price target of $349.
September 10, 2024 | 8:15 pm
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Chubb (NYSE:CB) is experiencing bearish sentiment from high-rolling investors, with 50% of options trades being bearish. The stock is currently down by 0.4% and may be overbought. Barclays has downgraded the stock to Overweight with a price target of $349.
The bearish sentiment from high-rolling investors, as indicated by options trading, suggests a negative outlook for Chubb in the short term. The stock's current decline and potential overbought status further support this view. Barclays' downgrade adds to the negative sentiment.
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