Spotlight on CVS Health: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
CVS Health is experiencing a surge in options activity, with a significant portion of investors adopting a bearish stance. The options activity includes 32 notable trades, with 56% of investors leaning bearish. The stock is currently trading at $57.8, with analysts setting an average price target of $64.0. Recent analyst ratings have been revised downward.
September 23, 2024 | 5:16 pm
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CVS Health is witnessing unusual options activity, with a majority of investors taking a bearish stance. The stock is currently trading at $57.8, and analysts have set an average price target of $64.0. Recent analyst ratings have been revised downward, indicating potential short-term pressure on the stock.
The surge in bearish options activity suggests that investors expect CVS Health's stock to face downward pressure in the short term. The stock's current trading price is below the average analyst target, and recent downward revisions in analyst ratings further support a bearish outlook.
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