Looking At Charles Schwab's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Charles Schwab (SCHW) shows a bearish sentiment among big-money investors, with 70% of trades being puts. This suggests potential negative expectations for the stock, which is currently trading at $64.08. An analyst from Wells Fargo downgraded the stock to Equal-Weight with a price target of $70.
September 25, 2024 | 8:02 pm
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NEGATIVE IMPACT
Charles Schwab has seen unusual options activity with a bearish sentiment, as 70% of the trades are puts. This indicates potential negative expectations for the stock. The current price is $64.08, and Wells Fargo has downgraded the stock to Equal-Weight with a price target of $70.
The unusual options activity with a majority of bearish trades suggests that investors expect the stock to decline. The downgrade by Wells Fargo further supports this negative outlook. The current stock price is below the average price target, indicating potential downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100