What the Options Market Tells Us About AT&T
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards AT&T, with 64% of trades being bearish. Significant investors are targeting a price range of $13.0 to $27.0. AT&T's stock is currently trading at $22.04, with a recent price increase of 1.85%. An analyst from Citigroup maintains a Buy rating with a target price of $24.
September 16, 2024 | 2:30 pm
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The options market indicates a bearish sentiment towards AT&T, with 64% of trades being bearish. Despite this, Citigroup maintains a Buy rating with a target price of $24. The stock is currently trading at $22.04, up 1.85%.
The options market shows a strong bearish sentiment with 64% of trades being bearish, which could indicate a potential short-term price decline. However, Citigroup's Buy rating and target price of $24 suggest some optimism. The current price increase of 1.85% may be temporary given the bearish options sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100