Decoding Philip Morris Intl's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Philip Morris Intl (NYSE:PM) shows a bearish sentiment among big-money traders, with 55% of trades being bearish. The options activity is unusual, indicating potential upcoming changes. Analysts maintain a Buy rating with target prices ranging from $132 to $140.
October 10, 2024 | 4:54 pm
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NEGATIVE IMPACT
Philip Morris Intl is experiencing unusual bearish options activity, with 55% of trades being bearish. Despite this, analysts maintain a Buy rating with target prices between $132 and $140.
The unusual bearish options activity suggests that big-money traders expect a potential decline in PM's stock price. However, analysts' Buy ratings and target prices above the current trading price indicate a positive long-term outlook. The short-term impact is likely negative due to the bearish sentiment in options trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100