Spotlight on Accenture: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Accenture has seen a surge in options activity, with a significant bearish sentiment among investors. 66% of the trades were bearish, focusing on a price range of $320 to $380. Despite this, analysts maintain positive ratings, with price targets ranging from $329 to $400.
October 02, 2024 | 8:32 pm
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Accenture's options activity shows a bearish trend, with 66% of trades being bearish. However, analysts maintain positive ratings, with price targets between $329 and $400.
The majority of options trades for Accenture are bearish, indicating a short-term negative sentiment. However, analysts' positive ratings and high price targets suggest confidence in the company's long-term performance. This mixed sentiment could lead to short-term volatility in ACN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100