Smart Money Is Betting Big In ANF Options
Portfolio Pulse from Benzinga Insights
Investors are taking a bearish stance on Abercrombie & Fitch (ANF) through options trading, with 62% of trades being bearish. The stock is currently trading at $140, up 3.36%. Analysts have mixed ratings, with price targets ranging from $147 to $220.
September 19, 2024 | 7:24 pm
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Abercrombie & Fitch sees significant bearish options activity, with 62% of trades being bearish. The stock is currently trading at $140, up 3.36%. Analysts have mixed ratings, with price targets ranging from $147 to $220.
The significant bearish options activity suggests that investors expect a decline in ANF's stock price. Despite the current price increase, the bearish sentiment in options trading could indicate potential downward pressure. Analysts' mixed ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100