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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100