Decoding Exxon Mobil's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Exxon Mobil (NYSE:XOM) has seen significant bearish options activity, with 50% of investors adopting a bearish stance. The options activity suggests a price range of $115 to $130. Analysts have mixed ratings, with price targets ranging from $117 to $149.
October 09, 2024 | 2:48 pm
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Exxon Mobil is experiencing unusual bearish options activity, with 50% of investors bearish. The options suggest a price range of $115 to $130. Analysts have mixed ratings, with price targets from $117 to $149.
The significant bearish options activity indicates a potential short-term downside for Exxon Mobil's stock price. The mixed analyst ratings and price targets suggest uncertainty in the market, but the bearish sentiment in options is a strong indicator of potential downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100