What the Options Market Tells Us About Walgreens Boots Alliance
Portfolio Pulse from Benzinga Insights
The options market shows a bullish sentiment towards Walgreens Boots Alliance (WBA), with 62% of trades being bullish. Analysts have mixed ratings, with target prices ranging from $7 to $10. The stock is currently down 0.9% at $10.97, with RSI indicators suggesting it may be overbought.
October 17, 2024 | 7:00 pm
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The options market indicates a bullish sentiment for Walgreens Boots Alliance, with 62% of trades being bullish. Analysts have mixed ratings, with target prices ranging from $7 to $10. The stock is currently down 0.9% at $10.97, with RSI indicators suggesting it may be overbought.
The options market shows a strong bullish sentiment with 62% of trades being bullish, indicating potential upward movement in the short term. However, analysts have mixed ratings, with some setting lower target prices, which could limit the upside. The stock's current price and RSI indicators suggest it may be overbought, which could lead to a correction. Overall, the bullish sentiment in the options market is likely to have a positive short-term impact on WBA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100