Decoding Chevron's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Chevron (NYSE:CVX) shows a bearish sentiment with 55% of trades being bearish. The trading volume and open interest suggest a focus on a price range between $135 and $160. Despite this, analysts maintain a positive outlook with a target price of $189.
September 19, 2024 | 2:17 pm
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NEUTRAL IMPACT
Chevron's options activity indicates a bearish sentiment with 55% of trades being bearish. However, analysts maintain a positive outlook with a target price of $189. Current trading volume is 787,602 with a price increase of 1.45% to $146.05.
The options activity shows a bearish sentiment, but the stock price has increased by 1.45% and analysts have a positive target price. This mixed sentiment results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100