Smart Money Is Betting Big In ETN Options
Portfolio Pulse from Benzinga Insights
Investors are showing significant interest in Eaton Corp (NYSE:ETN) options, with a majority taking a bullish stance. The options activity suggests a price target range of $270 to $500. Analysts have mixed ratings, with price targets around the current trading price of $344.77.
October 14, 2024 | 6:45 pm
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Eaton Corp is experiencing unusual options activity, with a majority of trades being bullish. This suggests potential upward movement in the stock price, although analysts have mixed ratings with price targets close to the current price.
The significant options activity, with 8 out of 9 trades being calls, indicates a bullish sentiment among investors. The price target range of $270 to $500 suggests expectations of upward movement. However, analysts' mixed ratings and price targets close to the current price may temper expectations.
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