Check Out What Whales Are Doing With Citigroup
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Citigroup, with 87% of options activity being bearish. This unusual activity suggests potential significant market movements. Citigroup's stock is currently down 1.76% at $61.5, with a neutral RSI. Analysts have mixed ratings, with target prices ranging from $71 to $86.
October 01, 2024 | 3:01 pm
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NEGATIVE IMPACT
Citigroup is experiencing significant bearish options activity, with 87% of trades being bearish. This suggests potential downward pressure on the stock price. Current stock price is $61.5, down 1.76%. Analysts have mixed ratings with target prices between $71 and $86.
The high percentage of bearish options activity (87%) suggests that significant investors expect Citigroup's stock price to decline. The current stock price is already down 1.76%, and the mixed analyst ratings with a wide range of target prices indicate uncertainty. The bearish sentiment from options traders is likely to influence short-term stock price movements negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100